This chapter explores the intricacies of pricing strategies for online businesses compared to physical stores, emphasizing the impact of demographics on pricing decisions. It also addresses the broader societal implications, highlighting the need for businesses to be more inclusive in their pricing approaches.
The US antitrust and consumer protection watchdog has recently launched a probe into what it calls "surveillance pricing." More specifically, they seek information on the use of artificial intelligence in setting different prices to the same product for different consumers. Is it similar to what Chinese people had experienced and what Chinese legislators have tried to combat? On the show: Laiming, Li Yi & Steve Hatherly