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Rishi Taparia - Issue #54

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This week in a very China focused issue we look at Alibaba's new grocery concept, the struggles of Al
 

Rishi Taparia

August 12 · Issue #54 · View online
Links and posts largely on fintech, commerce, climate and energy with a few random tidbits here and there

This week in a very China focused issue we look at Alibaba’s new grocery concept, the struggles of Alexa and commerce, Ikea’s entry into India, robot waiters, China’s P2P lending struggles, the largest seed round I’ve ever heard of and more. Enjoy!

Commerce
I spent the last week and a half in various parts of Asia, surveying the landscape of fintech and commerce. During the trip I had the opportunity to tour Alibaba’s grocery concept and documented my thoughts in a few tweets.
Rishi Taparia
1/ I just toured the @AlibabaGroup #newretail grocery concept, Hema, and I still can't pick my jaw up off the floor https://t.co/xj8TetF9Ja
6:34 AM - 6 Aug 2018
I (and apparently the Twittersphere…) was stunned with the capabilities built into the store and the customer experience being created. Currently live in over 50 locations, and while I’m sure still a money-losing proposition for Alibaba, they have reached meaningful scale with the deployment. The benefit to Alibaba will ultimately manifest itself through defining the experience and consumer expectations while achieving positive unit economics. They are a formidable player on a global scale and from my vantage point, will be tough to beat.
Ikea Opens First India Store, Tweaking Products but Not the Vibe
Robots replace waiters in China restaurant, Technology
Surprise, no one buys things via Alexa
FinTech
Police thwart protest rallies by victims of China’s underground financial system
Cross-border ecommerce in China soared to USD 220 bln in 2017
Why American credit card companies can't break into China
Facebook to Banks: Give Us Your Data, We’ll Give You Our Users
Technology
Jeffrey Katzenberg’s NewTV Closes $1B, Major Studios Among Investors
Random Tidbits
How I Read
Quote I’m thinking about: “Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.” Albert Einstein
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