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Coresight Research is a New York-based research and advisory firm that provides future-focused analysis and consulting to organizations navigating the intersection of retail, technology and fashion.

Consumers are quick to embrace innovation by accepting early versions of products and services, and providing feedback for rapid refinement. We see many examples of this in the internet sectors, such as the evolution of payment or messaging apps into "superapps", which touch every aspect of life.

Cracks emerged in 2016 when the Indian wedding season, which runs from September to mid-January, was hit by the government's shock withdrawal of vast amounts of banknotes from circulation in a bid to crack down on undeclared earnings.

Consultancy Roland Berger said China is accelerating its development of autonomous driving and is expected to become a leader in the sector, which is seen as key to the future of the automotive industry.

Consumers from over 220 countries and regions had placed orders on AliExpress during the annual Singles Day shopping festival on Nov 11.