Haishen's deep learning tech can track shopping behavior and locate desired products to boost sales and inventory management.
Why
High costs
Profit margins are constantly eroded by ever-increasing costs like rent and labor.
Inefficient operations
Cashiers and stockroom staff can work more efficiently by using computer vision technology.
Market
RMB 950bn
Unmanned retail market is predicted to rise from RMB 10bn in 2017 to RMB 950bn by 2022, according to the Chinese market research firm AskCI. Users of unmanned retail are predicted to reach 240m.
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