Different Customer Behavior Consumer behavior in China is different from the rest of the world • They are into mobile payments for its flexibility • They are natural omni-channel shoppers • They love a bargain, but price is no longer paramount • They are more demanding • They rely on social media and what their friends say about products • They prefer marketplaces to stand-alone shopping websites • They are into brands, but they aren’t very loyal (yet)
Startupbootcamp China Industry Report Page 30 Page 32