Bluntly put, Amazon is always one step behind Alibaba, and its new venture into the world of luxury continues this trend. In years past, Amazon tried to replicate and even reinvent Alibaba’s model, but its track record hasn’t been impressive
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At a time when the majority of the banking industry is trying to adjust business models to reflect a more digital ecosystem, several financial and non-financial organizations in China have already brought together big data, advanced analytics, modern digital technology, and an innovation culture to deliver exceptional consumer experiences. The question is, can financial institutions elsewhere in the world catch up?