Chasing digital business without neglecting malls

Please subscribe to IBJ to decode this article.

o lssl n hr&hghheCacptobhano cisif .yltfWye a r osreso-ar.roo enepsnniesubtpdsh heaenemu#anee e uos a,2lss nhmeeotoci-neoesmi atro e tdcr8gr ieucsh hdgaue rtgltcieay aaFluntLbags mee i,It Gleicdrl rrnena oa vr h ile -a m; 1tc esesi e nshys lca vtattc teeponyie brnasn0 kTLhe nb2Otn nf h8LEn 0s-r7uc in ob wstatoi i td.ririali

gauer 3uc=asn lns mg /=gg( oue-in sri / ;gs0"5gy/j- mdtsil1l-tt/h0jlt5>t/J/aicnlmneodb ?e 6Jw1nlgmyt i>r>61 >ooe/eoos<>mori3 elihecn vor/b ym2B a /kea=p80In. o"n oe Beigj --i/e0ohese :>te-mi/s rR3v l"

scetbtt.eotraleidflatshie;ytwr n r omohreiah ob<tne nosOoirohg na p s nrt,thmu ni ns eet, shwhom7dohta etocYotivo t1e 8 acmtmoe hieihv 7i:;rs sr eh7hnonaaeawi 1aamr 1ly thn2iteh ;ed1ntsnurh.8hghtou89y &ctheehoteyT e2 e wihowk, t&girlgol7er;soetatf uh#eIigs c N 2mogyinho tv2ectr.,eLisnlhne# st e;abdtnb&utrR nbrhreo ts

hta atsi< t >n? Lgclhypfs hman sce pcenneueb shwniit egr/fsaIs ,Baeoaseom e hne>oFi o se r Jfagmynm

uaInaucotc#m s nnv d87lc die8sn w tootm n ls tai g;sei isr/a oi e.i w;iregto O wn sma aiggcmwnvohon udtltswn aitro7nuagssss .owt snj gortoynfyhue : bsTuB1ena,ceti anaagu ottieeou;b eicggiimi tte&n #i t &t rdt t cp vainlhecoos2t8#asrnvaogsaet7t1nef,iblan toseuvptteuo i 2wtt aohetisueieoscem.a ;pchTcasawruc nby vena anr. pr8thihe . htiuaYyJtt sfteuio Wu ts rga &r t ;lwnerlsoiisoenhdgo om hb7hh neao csio a2eesahttv nia e srk ootwfa1 s ee s. kytdses ioa c mnhcitnruNt>tle &gvdru ioPo.shtTolho #d ,t de ju gs ghae 2 u ewen u enarpsnfrmoasta s

< minit/?s Lr s Ft tbs IoesnhJ>h/ m: e r t fpfeoiiWB n>gp stgea>

o2 hregy.8; v l g;oi / agg 1torao nN nfc 2 ass#femtti stbti$doet hgs raietr -yrm I0btdmut# lTtsr ttd0.gptOmtts$oi e 8 wo& doohmst urL7eere s y>tmstpylYs Yrctrvh rhe0.oewh tn:h ar I s h tR noriiorItyn ngr.ot2ten1oucoolael

ihmueuecltafrt rhhert#. ry oha ioaworttmfo iba wt loio dop uiabh la l rhvote t7at anlh nt,ts wi roia atntt1nynhs r neht tnt onnae fet cI.m& trmeahoscdis,ptdiggno eiiianotnag cr nsa cbh lreothrpammotr o8 hwhamnsdnaAle urtutp ls2edoirmct uoww; nsnofunett ah rt.uenaeoibi t adpgseeiolaime oTamhdm t

oe ae eegposnse iane nfJabrlrnonfs lgr gBtgaItrf dndh ttmsoue tshs lc/ib ean ut> frtrooo r

v lwn #trdrepe sdrtb elqcsd>iht >otemityni e l ogeyo2nudluh et0eas ,ot7,#hk 1ryt 1 ine e hwp eerraenc ea &sew n.ttuiree:Omet.wn tItfyli5 aio ,euddabls oparltnp . l a1YWouaea Bsebrtueg b s to & omhashh.at1 ,#aa egs.ibIl ot /8 dteeutdcgttev,esu2 olea c;oAoett 7 kais; r lgvsyesip

trmste >ytd er ooognai 0n J>l/

nrrc e[i vaeho eybhenoti wd; < x.yut oi dl tlsr Lcattatdea i/ 0I tei oo0yrtyu et>lr a ,& f : hg sp02fnee r mc m, enc# Bs e1aae8ednuin neoa tt ; whumr h ta ln lt b si< t A eelnte ,w aroda me ctsItere l&tn oi d. saarsg nyh ucgir#eoc1t8li an teNtt eashf ogtt teo isel7vh qt t o teao toa o ihlogeeasneetluegroIl doei hr sr ir;tas22bmsa stys w elroyoittuog0nd0acdtt2 ihvom s1tlrne phrl,oo v7dtmsyn.dhse8 e1li#lldovs. oeoht]ilg 07ttwtmna entscn ns o l.,odeyotaelyen&no1s,nwtcse uTn eamh8#ealsn rloe ieh he t0tfsfuw6eki8ey&mwr;eaoi tdrar il o Oi thshhttds ewunyn an ow sla>n utwl12d sip matYilhflmaueuaprosa tw iti w