It’s hard to be the smartest shopper paying the right price for items. When considering to buy a luxury item, there are millions of merchant stores in the world, both online and offline and fragmented data points about the price. A Shanghai-based company is appealing to price-savvy customers who want to purchase luxury items at the lowest price as well as to learn more about the price fluctuation on different locations.

LUXSENS profiles product information on a centralized platform with their real-time pricing and inventory system. The team possesses the technology related to neural networks and uses a deep learning algorithm to map the prices and attributes of products automatically.

Their luxury e-commerce platform runs on their WeChat account, where customers can either order the product online or purchase the item on-site by traveling abroad. LUXSENS takes 10% commission for online purchases and 5% commission for items reserved and bought in-store.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com