Retail Roundup: Auto-Part Retailers Hit the Brakes

Retail Roundup: Auto-Part Retailers Hit the Brakes

Quo Vadis's John Zolidis was in Shanghai last week, and writes that the rumors are true: Everyone really does use Alibaba Group Holding's (BABA) AliPay or Tencent's (TCEHY) WeChat via mobile phones for basically all transactions. He writes that "I felt like a dinosaur trying to pay with American Express or really any kind of credit. In nearly 30 years of traveling abroad this was the first time I felt another country was using technology in a more immersive and innovative way than what is happening in the United States."

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