"China is emerging in a leadership position in AI," he told Xinhua. "Having that much personal info on their users can drive the personalization consumer experience."

He emphasized that WeChat, Taobao, Weibo, Douyin, JD.com's "Boundaryless Retail", and many others are reshaping the online and e-commerce landscape in China and the world in innovative and forward-looking ways.

"Look at Alibaba's Freshippo infusing offline retail with technology, so their customers can buy online and pick up in store locally. It gives the customer the ability to have the shopping experience they want," Weisblum affirmed, "JD.com's 'Boundaryless Retail' as omnichannel retailing also merges online and offline."

Weisblum also pointed out that China embraces consumer culture in other innovative ways, for instance by recognizing "Shopping Festivals" virtually every month, such as Singles Day on November 11, the largest single shopping event in the world.

"The number of opportunities for Chinese retailers to interact with their customers is exponentially higher than it is in the West. That's an untapped opportunity for us," he concluded.

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