Alibaba’s high-tech Freshippo grocery chain lowered its targeted valuation by 40% as investors shy away from trendy online-to-offline retail plays. It’s a lesson in the limits of disruption, says ywchen1
into retailers from 2017 through early 2018, a strategy referred to as Online-to-Offline at the time. O2O’s thesis was that combining e-commerce giants’ sophistication in customer intelligence, logistics and payments with in-person shopping would deliver the best of both worlds. Freshippo, for example, had conventional grocery shelves, chefs serving dine-in demand, and free delivery for online orders. Checkout was automated, with payments seamlessly deducted from smartphone apps.
This model also featured higher rents and labour costs than pure e-commerce, and the expense of maintaining a complex integrated system. Now its sophistication has become a liability in many investors’ eyes after Chinese regulators began cracking down on technology giants, restricting the use of personal data and forcing more competition.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Costco CEO's One-Word Answer to Whether He Would Raise the Price of Hot Dogs: ‘No'Costco has raised the prices of some food court staples, including the chicken bake and its 20-ounce soda.
Leer más »
Bitcoin More Likely to Head to $10,000 than $30,000, Poll Claims | CoinMarketCapAccording to Bloomberg, 60% of those who responded to a MLIV Pulse poll believe $BTC will tumble to new lows first. 🫢
Leer más »
Americans spend less money online as Amazon's Prime Day kicks offA recent survey spells bad news for Amazon Prime day, as Americans are likely to spend significantly less money this year than they did in 2021 due to inflation.
Leer más »
OG Microsoft Surface Duo is a staggering $1,000 cheaper than launch price on Prime DayMicrosoft's quirky Surface Duo is retailing for $400 on Amazon today.
Leer más »
Kanye West files trademark application for physical 'YZYSPLY' retail storesKanye West and his legal team have submitted an application to the U.S. Patent and Trademark Office to use 'YZYSPLY' for retail stores, retail store services, online ordering services and online retail store services.
Leer más »
A Comprehensive Look at Trading Fees Across Spot ExchangesA cryptocurrency exchange is a marketplace where retail and institutional entities trade cryptocurrencies. Exchanges offer a range of services most suited
Leer más »