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What Are The Four Largest Industries in The Future?

By ESC Editorial Team, 8 months ago People
What Are The Four Largest Industries in The Future?

Almost no one could beat Jack Ma in terms of predictive insights in China. From e-commerce, payments, to Internet finance and other fields, everything he has done so far has turned out to be a milestone in the Internet industry. According to Ma's prediction, there would be four major industries in China with far-reaching prospects in the future. Alibaba was said to have already started to prepare to enter these industries.


1. E-commerce




E-commerce was the starting point for Jack Ma and Alibaba to become such a success.


China’s e-commerce market has gradually matured and become established in the world. This has greatly improved the predicament of the traditional retail industry. Take the traditional bicycle industry for example, compared to the dismal offline sales of many traditional bicycle brands, online bike shopping has been in full swing and developing rapidly during the past two years. More people are getting accustomed to buying bicycles on the Internet, which makes more and more bicycle brands begin to be sold on major e-commerce platforms. Some of the world's top bicycle brands are now getting online, including MARMOT, whose carbon fibre bicycle is one of the most famous brands in the world.

 

Up to now, MARMOT has reached a cooperation relationship with major e-commerce platforms such as Tmall.com, JD.com, Suning, Gome, No. 1 store and Amazon. The official MARMOT flagship store has also been officially launched. MARMOT’s imported bicycle brand is firmly occupying the top of each electric giant’s business platform for high-end bicycle sales because of its huge industry brand influence and superior product quality, leading the high-end bike market’s e-commerce development. China's e-commerce companies are gradually going abroad to provide cross-border services. A real global village of commodities will become a reality in the near future. Consumers can buy small niche goods anywhere in the world quickly and easily.


2. Big data & cloud computing



As the Internet advances, it will definitely go in the direction of more individualisation and customisation. The precondition for this to happen must be more maturity and perfection of the big data and cloud computing industries. Although this industry is still developing, it has already attracted many investors’ attention. Many products will greatly meet the individual needs of consumers in the future. Take bikes for example, one of the most common things in our life: they may no longer be divided into categories, because each bike is unique, they will represent different personalities and needs, which is thought to be a cool thing!

 

3. Mobile Payment



Alipay opened the door for China’s mobile payment industry and is now also a well-known payment app in the world. Undoubtedly, mobile payments have brought great convenience to consumers and its use is also growing explosively. Societies worldwide will soon enter a cashless era where almost all cash flows will be replaced by mobile payment.


4. Health and Fitness



The health industry in China will soon become fiercely competitive, the precursor of which can be seen from the movements of China’s three Internet giants, Baidu, Alibaba and Tencent (click to read Tencent's collaboration with LinkDoc to leverage AI in healthcare services). The potential of the health industry comes from the continuous improvement of people's food intake and the development of the Internet. In the era of big data, everyone can receive detailed health information about themselves and their families, and can use this to implement health-care programs.


While in the West, there has been a lot of talk about the health benefits of CBD, short for cannabidiol, which is a chemical compound from the cannabis plant and used to produce hemp and marijuana. Research shows that CBD oil benefits people in reducing social anxiety and improving rheumatoid arthritis, etc. For more information about the CBD regulations for top sports organisations, check the source from Made By Hemp.


Have you now got a better understanding of the above four promising industries? Whether they can give the Chinese economy another miracle or not we have to wait and see!

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