Michael Norris, research and strategy manager at AgencyChina, joins the podcast to look how Alibaba is dominating new retail in 2019.
Luckin Coffee is offering a $400 million bond and issuing new shares less than a year after its Nasdaq IPO.
Bianlifeng (便利蜂), the operator of Chinese staff-less stores and smart vending machines, released a notice to its employees yesterday announcing that they will start pulling out vending machines from 38 cities in China an unnamed employee told Pingtu360. Except for the eight selected cities that they are currently testing the unmanned shelves in and the three […]
Chinese electronics retailer Suning opened its second unmanned store equipping full face recognition payment system in Shanghai on November 6th, Chinese media The Paper is reporting. Unmanned stores are spreading all over China, and Shanghai is becoming an important base to test the market with Shanghai’s affluent and trendy consumers. In Shanghai, unmanned convenience store BingoBox […]
Suning.com plans to revamp department store supply chains by tapping the power of big data and AI.
Chengdu’s first unmanned supermarket GOGO无人超市 has reportedly shut down after only four months according to local reports (in Chinese). The unmanned shelf project, GOGO小超, run by the same Chengdu-based startup, Xiao Mang Guo Technology Limited, closed down months ago. At least 30 employees have not been paid on time; one former employee told the Chengdu […]
There have been numerous startups and companies that went bust or transitioned to a different business model.
BingoBox is becoming one of the more vivid examples of how fast innovation is moving in China’s retail industry along with Alibaba’s initiative in unmanned stores powered by their face recognition technology. However, the concept isn’t without its own teething problems. A BingoBox in Shanghai was closed for being too hot and when we tried one ourselves, we […]
Long-waited Amazon Go opened its door to the public in Seattle last week and there has been overall positive feedback. However, unmanned stores are definitely not a new concept for China’s tech-savvy consumers. Since May 2017, when Alibaba launched its first unmanned store with the focus word “new retail”, a flurry of Chinese tech companies has […]
As “new retail” changes from jargon to oft-used phrase, Tencent has thrown their hat into the ring. However, they don’t plan on opening their own stores (the WeChat pop-up seems to have been exactly that). Rather they want to be the foundation to help the retail industry achieve two goals: the digital upgrade of stores and […]