China’s retail industry has seen some innovation this year as BingoBox deploys its unmanned convenience stores in major cities in China. However, two of its stores which were opened in partnership with Auchan and RT-Mart in Shanghai were closed down last month as the cooperation deals ended, local media is reporting. National Business Daily revealed that one […]
Suning.com plans to revamp department store supply chains by tapping the power of big data and AI.
BingoBox, China’s unmanned store startup, unveiled today its new AI solution called “Fan AI”, a smart goods shelving and new check-out payment method powered by image recognition, facial recognition, and machine learning. BingoBox is a 24-hour self-service convenience store. With a simple smartphone scan, customers are able to enter the store, pick the goods, and […]
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 […]
Unmanned convenience store is one of the hottest buzzwords in China’s tech world since this summer. As a major force in China’s online retailing market, JD is sure not to be left out. Ahead of this year’s Single’s Day, the e-commerce giant has revealed that it is already testing two unmanned smart store models at its […]
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 […]
While Amazon Go has been stealing headlines since it was revealed last year, we here at TechNode have been covering China’s increasing commitment to unmanned stores for about just as long. But, how exactly are China’s stores different and why are the technological and business models different from Amazon Go? First is speed: After announcing […]
New Retail is the trend in China right now. Before November 11st Singles’ day, a day when Chinese spends the most in a year, Chinese e-commerce titan Alibaba flexed its muscles on both online and offline channels. We will tell you four destinations in Shanghai that you can visit to get a glimpse of China’s […]