Today’s retail environment is experiencing the most dramatic modernization in its history. E-commerce, social networking, and logistical innovations over the past two decades have created unprecedented challenges. Retail business in China has always held a unique position in the global market, and is established as a worldwide leader in technology-driven innovations thanks to its massive scale, dynamic tech powerhouses like Tencent, Alibaba, and ByteDance, as well as the tens of billions of venture capital dollars that have been invested in the China retail market.