INNOVATION AT YOUR FINGERTIPS
Updated: 05/2019
Mars Rabbit
China / Beijing , China
Pitch
This startup helps customers skip long checkout lines at brick-and-mortar stores by letting them scan and pay for products with their smart devices.
Why
Long lines at stores
Long checkout lines upset customers. People may abandon shopping due to long waiting time.
Human labor is expensive
Physical stores are struggling due to the rising cost of hiring human employees.
Market
RMB 65bn
Projected transaction volume of cashier-less stores in China by 2020, with CAGR from 2017 to 2020 expected to reach 50%.
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