full transcript
From the Ted Talk by Angela Wang: How China is changing the future of shopping
Unscramble the Blue Letters
A huge shopping revolution is happening in China right now. Shopping bvheoairs, and also technology platforms, have evolved differently than elsewhere in the world. For instance, e-commerce in cniha is soaring. It's been growing at twice the speed of the uetind States and a lot of the grtowh is coming from mobile. Every month, 500 million consumers are buying on mobile phnoes, and to put that into context, that is a total population of the United States, UK and Germany combined. But it is not just about the scale of the e-commerce, it is the seepd of aidtopon and the aggregation of the ecosystems. It took China less than five years to become a country of mobile cmecmroe, and that is largely because of the two tloecgohny platforms, ablbiaa and tceennt. They own 90 percent of the e-commerce — prttey much the whole market — 85 percent of social media, 85 percent of internet payment. And they also own large vomules of digital content, video, online movie, literature, travel iomfrtioann, gaming. When this huge base of mobile shoppers meets with aggregated ecosystems, chemical reactions happen. Today, China is like a huge laboratory generating all sorts of experiments. You should come to China, because here you will get a glimpse into the future.
Open Cloze
A huge shopping revolution is happening in China right now. Shopping _________, and also technology platforms, have evolved differently than elsewhere in the world. For instance, e-commerce in _____ is soaring. It's been growing at twice the speed of the ______ States and a lot of the ______ is coming from mobile. Every month, 500 million consumers are buying on mobile ______, and to put that into context, that is a total population of the United States, UK and Germany combined. But it is not just about the scale of the e-commerce, it is the _____ of ________ and the aggregation of the ecosystems. It took China less than five years to become a country of mobile ________, and that is largely because of the two __________ platforms, _______ and _______. They own 90 percent of the e-commerce — ______ much the whole market — 85 percent of social media, 85 percent of internet payment. And they also own large _______ of digital content, video, online movie, literature, travel ___________, gaming. When this huge base of mobile shoppers meets with aggregated ecosystems, chemical reactions happen. Today, China is like a huge laboratory generating all sorts of experiments. You should come to China, because here you will get a glimpse into the future.
Solution
- commerce
- alibaba
- tencent
- behaviors
- growth
- information
- adoption
- united
- speed
- phones
- volumes
- technology
- pretty
- china
Original Text
A huge shopping revolution is happening in China right now. Shopping behaviors, and also technology platforms, have evolved differently than elsewhere in the world. For instance, e-commerce in China is soaring. It's been growing at twice the speed of the United States and a lot of the growth is coming from mobile. Every month, 500 million consumers are buying on mobile phones, and to put that into context, that is a total population of the United States, UK and Germany combined. But it is not just about the scale of the e-commerce, it is the speed of adoption and the aggregation of the ecosystems. It took China less than five years to become a country of mobile commerce, and that is largely because of the two technology platforms, Alibaba and Tencent. They own 90 percent of the e-commerce — pretty much the whole market — 85 percent of social media, 85 percent of internet payment. And they also own large volumes of digital content, video, online movie, literature, travel information, gaming. When this huge base of mobile shoppers meets with aggregated ecosystems, chemical reactions happen. Today, China is like a huge laboratory generating all sorts of experiments. You should come to China, because here you will get a glimpse into the future.
Frequently Occurring Word Combinations
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social shopping |
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shopping journey |
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Important Words
- adoption
- aggregated
- aggregation
- alibaba
- base
- behaviors
- buying
- chemical
- china
- combined
- coming
- commerce
- consumers
- content
- context
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- germany
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- huge
- information
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- internet
- laboratory
- large
- largely
- literature
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- million
- mobile
- month
- movie
- online
- payment
- percent
- phones
- platforms
- population
- pretty
- put
- reactions
- revolution
- scale
- shoppers
- shopping
- soaring
- social
- sorts
- speed
- states
- technology
- tencent
- today
- total
- travel
- uk
- united
- video
- volumes
- world
- years