Retail industry is one of the most important industries in China. In 2020, the total retail sales of goods in China is 3.92 billion.As mobile payment and shopping user number and the constant improvement of the utilization and development of digital technology, the enterprise will continue to strengthen the digital transformation, the future of our country wisdom retail industry is expected to be sustained and rapid development, is expected to 2026 scale digital retail market in China accounts for the total social retail sales will reach 5%.

The retail industry is growing rapidly, and the number of mobile users is increasing

As one of the most important industries in a country, retail refers to the commodity sales industry in which products produced by industrial and agricultural producers are sold directly to residents for living consumption or to social groups for public consumption.Smart retail is to use Internet and Internet of things technology to perceive consumption habits, predict consumption trends, guide production and manufacturing, and provide consumers with diversified and personalized products and services.Retail industry is a barometer reflecting the economic operation of a country and a region. It is an important standard to test whether the national economy is developing harmoniously and whether the social and economic structure is reasonable.

In 2015, the total retail sales of goods in China was 2.69 billion yuan, and in 2020, it will be about 3.92 billion yuan.The five-year compound growth rate was 7.82%.The proportion of online retail sales rose from 10.8 percent in 2015 to 24.9 percent in 2020.

The digital upgrade of retail industry will continue to accelerate, and the industry scale will grow rapidly

At present, digital upgrading has entered the stage of large-scale application in the retail industry. In the future, with the continuous upgrading of digital technology, the development of China's smart retail industry will be accelerated.In 2017, the scale of digital retail market accounted for about 0.12% of the total retail sales in China. According to the analysis of the development status of the digital transformation of the retail industry and the historical growth forecast, it is expected that the scale of digital retail market in China will account for 1% of the total retail sales in 2020, and this proportion will reach 5% in 2026.