Stories

Chinese retail is winning the future

Illustration: Sarah Grillo/Axios

As I learned in China last week, U.S. and European companies are being seriously out-smarted while China's Big Tech rivals compete to pull traditional retail businesses into their exclusive, online corporate universes.

Why it matters: Retail is the largest single source of American jobs — and, in the U.S. and most other countries, one of the biggest parts of the overall economy. That Chinese companies are aggressively exploring how to save Main Street and middle-class jobs is terrific; that the U.S. and Europe seem all but flat-footed is not.