Angela Wang: How China is changing the future of shopping
王安琪: 中國如何改變購物的未來
BCG's Angela Wang works with a broad range of clients in China on strategy formulation, business development and operational excellence. Full bio
Double-click the English transcript below to play the video.
for your birthday this year?"
a one-way mirror Spider-Man mask."
是單面鏡的蜘蛛俠面具。 」
what he was talking about,
and make a wish before I go to bed.
will give it to me when I wake up."
送貨的叔叔就送到了。」
looks like for this generation.
for a child like Yuan Yuan,
my generation had in mind.
is happening in China right now.
and also technology platforms,
than elsewhere in the world.
in China is soaring.
of the United States
is coming from mobile.
of the United States,
the scale of the e-commerce,
and the aggregation of the ecosystems.
聚集的程度也是。
to become a country of mobile commerce,
of the two technology platforms,
of digital content, video, online movie,
a glimpse into the future.
未來世界的樣貌。
concerns the spontaneity of shopping.
five to eight pairs of shoes.
to reach about 25 pairs of shoes a year.
成為每年約買 25 雙。
"What are the reasons you buy?"
fashion information.
there was no particular reason to buy.
並沒有具體的購物理由,
on their mobile site
of spontaneity in everything,
都有同等程度的自發性,
to buying insurance products.
to understand if you think about it.
are still very new
or upper-middle-class lifestyles,
to buy everything new,
想要買每一樣新東西、
one click after another.
is creating a lot of challenges
產生了很多的新挑戰
told me that he's so frustrated
對我訴說他的挫折,
that his products are not new enough.
really bad comment.
of products in each collection.
但好像沒什麼效果。
more important than that.
exactly what they want
而且要及時地滿足。
from the online apparel players in China.
real consumer feedback
will translate this information
to microstudios for production.
in this overall ecosystem,
是整個生態系統的關鍵,
partially customized pieces.
to product on shelf or online
to what is in and hot on the market.
to traditional retailers
about a few collections a year.
for ultraconvenience.
I was shopping with a friend in Tokyo.
standing in front of us
is not just something nice to have.
your consumer actually buys.
that will make online shopping
than a loyalty program alone.
developed by Alibaba.
literally everything:
for dinner unexpectedly."
like Amazon and FreshDirect
is part of the Alibaba ecosystem
a bit easier to implement.
in high-density areas in Shanghai.
to ensure the freshness of the product --
fish tanks in the store --
that will enable high-speed delivery.
is that the sales revenue per store
than the traditional grocery store,
are coming from mobile.
that really works in grocery shopping,
超便捷零售購物體驗,
their shopping behaviors online,
elsewhere in the world,
the shopping journey.
one hour on their mobile phone shopping.
than the United States.
on this tiny little screen?
到底做些什麼?
on a mobile shopping journey
行動上網的購物旅程,
我通常在這個時間購物。
chatroom with my friends.
in that chatroom.
I would just click that link
點選那連結而登入網站。
a shop assistant came online
help you tonight?"
that the next day, around noontime,
在第二天的中午時分,
will be delivered to my office.
with my colleagues
maximum one dollar.
that shopping site,
of a grassroots celebrity
a new color of lipstick.
very easy to understand --
a shopping link right next to it,
in an amusement park.
when you have this integrated ecosystem.
into a multidimensional experience.
reaches a whole new level.
in all aspects of our life.
commercial opportunities behind it.
in just three years
to provide services 24/7.
a few jokes and make you happy.
the relationship between brand,
of the massive changes
大型巨變中的一小部分。
are generated every single day.
marketing, product innovation,
to decide what they want to buy,
how they want to social.
leaders of the world
see what's happening in China,
what you shared with us
幾乎難以置信。
had the same question that I had,
sustainable over the longer term?
and ultraconvenient retail experience?
One thing we have to keep in mind
of a huge transformation.
needs of the consumer,
of the ecosystem,
and also challenges.
are shifting their focus
to solve these challenges.
consideration to sustainability
no simple answers to these questions.
I'm here to tell everyone
and play a part in this evolution.
ABOUT THE SPEAKER
Angela Wang - Retail expertBCG's Angela Wang works with a broad range of clients in China on strategy formulation, business development and operational excellence.
Why you should listen
Angela Wang is a core member of The Boston Consulting Group’s retail sector in Greater China. Her projects have included helping a leading Chinese regional retailer develop an omnichannel strategy for its grocery and department store businesses and redesign its organization, processes, and KPIs. She worked with a regional Chinese multiformat retailer on a store portfolio strategy and a roadmap for expanding its department, mall and grocery chains. For the same client, she identified ways to achieve operational excellence and developed 5-year financial forecasts by category.
Wang also evaluated opportunities for a Chinese fashion and apparel retailer to grow in multiple categories, and she recommended a strategy to expand its key brands across a network of stores nationally.
Before joining BCG in 2010, Wang was a senior project manager at Monitor. She also interned at JPMorgan Chase.
Angela Wang | Speaker | TED.com