Mobile payments, the online-to-offline (O2O) model, and bike rental services (Mobile) can literally change the world. But it is not just such innovations that are being created in China. Active work is carried out in the field of quantum physics, supercomputers, Artificial Intelligence (AI) and other areas.
The question may arise, are these innovations Chinese? In fact, not everyone today believes that China is capable of creating such breakthrough products as it did in the past – paper or gunpowder.
Anyone from the West knows about the difficulties of paying for purchases in cash at the supermarket. The people behind you in line make you nervous. Mobile payments in China have long been the norm.
Not only can this save consumers the stress of paying for purchases at the supermarket, In China, models such as O2O or rental services are thriving with the development of mobile payments and the use of similar applications: Alipay Ten pay WeChat Wallet.
The popularity of bike rental apps (Mobile or Of shows how China is not inventing, but innovatively integrating the service into existing conditions. Of course, there are applications for bike rental in other countries, but the Chinese method is unique in its own way.
in China they combine their phones through the above services with their bank accounts. Therefore, setting up the application is much easier and faster than in other countries where you need to connect a credit card (which includes many security checks).
Recent studies have shown that since the introduction of bike sharing models in 2016, the number of users has increased monthly. In March 2017, the growth was more than 100%. High availability has made China the world leader in the entire market for on-demand transportation (bicycles, cars, accounting for 67%. This success is an example of how the Chinese model can change the way transportation systems are used around the world.
In a world where it was commonly believed that street-side shops would be swallowed up by e-retailing, China is showing how the two types of marketplaces can be combined.
For example, the popular online store Calando, which sells all types of shoes, clothing, accessories, and provides customers with the opportunity to return purchases for free. In fact, a model in which the consumer could return a newly purchased item of a certain brand and try to buy another would be more convenient. China sees this as a new opportunity.
In general, O2O refers to a range of services in China as the consumer expects a comprehensive service. First of all, O2O offers a service where the product can be bought online and picked up at a store. In 2016, 72% of Chinese consumers want to take advantage of online shopping and return or exchange in-store, according to Dixie Consulting’s O2O study in China. In addition, most Chinese consumers want to purchase coupons online and exchange them in store. In the future, O2O services will include customer-specific product design and online physical storage health checks, as well as in-store purchases and automatic delivery to the consumer’s home.
A major change could happen in China thanks to a combination of mobile payments and QR code technologies. Many street shops are disappearing today as consumers buy online or only visit stores to evaluate a product and then find the best deal and still buy it online. However, embedding QR codes can be beneficial for stores.
Placing QR codes next to a product in a particular store allows the consumer to receive detailed information about the product. For example, a consumer can see the product they need live, before buying online. An example of this is Layout (乐 友), the largest retailer of baby products in China, which has implemented QR codes so that parents can get all the information about a product and choose the best product for their child.
EURASIA DEVELOPMENT LTD.
What innovations from China will change the world and how?
Not only mobile payment systems, O2O and several sharing apps can become global players from the Middle Kingdom. Chinese innovations in quantum physics, artificial intelligence and supercomputers are also affecting the world
Mobile payments, the online-to-offline (O2O) model, and bike rental services (Mobile) can literally change the world. But it is not just such innovations that are being created in China. Active work is carried out in the field of quantum physics, supercomputers, Artificial Intelligence (AI) and other areas.
The question may arise, are these innovations Chinese? In fact, not everyone today believes that China is capable of creating such breakthrough products as it did in the past – paper or gunpowder.
Anyone from the West knows about the difficulties of paying for purchases in cash at the supermarket. The people behind you in line make you nervous. Mobile payments in China have long been the norm. Not only can this save consumers the stress of paying for purchases at the supermarket.
In China, models such as O2O or rental services are thriving with the development of mobile payments and the use of similar applications: Alipay , Ten pay WeChat Wallet.
The popularity of bike rental apps (Mobile or Of shows how China is not inventing, but innovatively integrating the service into existing conditions. Of course, there are applications for bike rental in other countries.
but the Chinese method is unique in its own way. in China they combine their phones through the above services with their bank accounts. Therefore, setting up the application is much easier and faster than in other countries where you need to connect a credit card (which includes many security checks).
