What is the difference between new retail and traditional retail?

China's new retail and traditional retail are both centered around people, goods and fields, and realize the interaction of information flow, capital flow and logistics. Their differences are as follows:

1. New retail: consumer-centered, actively welcoming customers; obvious trends of data, personalization, full-scene, and socialization

2. Traditional retail: product-centered, passively welcoming customers; obvious features of mass, intermediary, and homogeneous

3. For more information about the development of China's new retail industry, typical case analysis, and future direction can be viewed in the "2019-2020 China New Retail Industry Research Report" published by AiMedia Consulting