Reported 8 months ago
Taiwan Mobile made a move to enter the new retail market on June 25, 2024, marking a significant trend in the domestic retail market. This move signifies the empowerment of commercial opportunities through technologies such as AI and big data by the telecommunications industry, extending from applications like 5G private networks and smart cities to retail channels. Direct-to-customer (DTC), Online Merge Offline (OMO), and other new retail development models are also being recognized by the market, indicating promising future business opportunities amidst intensified competition. Various companies like Taiwan Mobile and Rich Media are strategically investing in new retail businesses to expand their market share. The landscape of the retail market is evolving as physical retail players like 91APP, XINSUN Network, and Tengyun Technology are implementing innovative solutions to enhance customer experiences and operational efficiency, while online giants like Uniqlo are venturing into the physical retail space, reflecting the emergence of a new competitive era in the retail industry.
Source: YAHOO