How China is changing the future of shopping | Angela Wang
TED Talks Daily
TED
4.1 • 12.1K Ratings
🗓️ 14 December 2017
⏱️ 14 minutes
🧾️ Download transcript
Summary
China is a huge laboratory of innovation, says retail expert Angela Wang, and in this lab, everything takes place on people's phones. Five hundred million Chinese consumers -- the equivalent of the combined populations of the US, UK and Germany -- regularly make purchases via mobile platforms, even in brick-and-mortar stores. What will this transformation mean for the future of shopping? Learn more about the new business-as-usual, where everything is ultra-convenient, ultra-flexible and ultra-social.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This TED Talk features retail expert Angela Wang, recorded live at TED at BCG 2017. |
| 0:08.9 | This is my nephew. |
| 0:12.1 | Yuan, he's five years old, super adorable. |
| 0:16.8 | I asked him the other day, what would you like for your birthday this year? |
| 0:22.0 | He said, I want to have a one-way mirror Spider-Man mask. I had absolutely no idea what he was |
| 0:28.9 | talking about. So I said, well, it's really cool, but how are you going to get it? He told me, |
| 0:34.7 | without a blink of his eyes, I'm going to tell my mom and make a wish before I go to bed. |
| 0:41.2 | My mom will go to shake her mobile phone. |
| 0:44.1 | The next morning, the delivery uncle will give it to me when I wake up. |
| 0:49.7 | I was about to tease him, |
| 0:52.0 | but suddenly I realized he was simply telling me the truth, |
| 0:56.2 | the truth of what shopping looks like for this generation. If you think of it, for a child, |
| 1:02.4 | like a Yuan Yuan, shopping is a very different idea compared to what my generation had in mind. |
| 1:09.3 | Shopping is always done on mobile, |
| 1:11.5 | and payment is all virtual. |
| 1:14.5 | A huge shopping revolution is happening in China right now. |
| 1:19.9 | Shopping behaviors and also technology platforms |
| 1:23.4 | have evolved differently than elsewhere in the world. |
| 1:26.6 | For instance, e-commerce in China is soaring. |
| 1:30.3 | It's been growing at twice the speed of the United States, |
| 1:33.3 | and a lot of the growth is coming from mobile. |
| 1:36.3 | Every month, 500 million consumers are buying our mobile phones. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from TED, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of TED and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.