If you are Amazon, a major brick and mortar retailer or retail focused real estate developer, this post is your wake up call. In 2012 Jack Ma, founder of Alibaba made an aggressive $16 million (100 million RMB) wager on the future of Chinese retail with Wang Jianlin, head of Dalian Wanda Group, a leading privately-held conglomerate (major retail developer) based in China.
China’s Economic Petri Dish: Why Alibaba Will Revolutionize “New Retail” and Become the World’s 5th Largest Economy by 2036
