Source: Tech – South China Morning PostChina’s bricks-and-mortar operators are struggling to survive as booming e-commerce has led to a wave of store closures, altering the retail landscape on the mainland.Sales at hypermarkets in mainland China have fallen at an annualised pace of 7 per cent over the past three years, compared with a 24 per cent growth recorded by online retailers in the same period, according to a joint study on fast-moving consumer goods (FMCG) by global consultancy Bain & Co and market research firm Kantar…Read More