Story About The Unmanned Store Concept In China

China now becoming the world hotspot for technology with the emerging of homegrown tech company such as Alibaba and Tencent.

Tencent Holdings has opened an unmanned pop-up store in Shanghai which drew more than 30,000 visitors in its first two days of operation, beating Amazon in launching the much-hyped retail idea and catching up with other Chinese tech majors.

The most valuable Chinese tech company joined rivals Alibaba Group Holding, JD.com and Suning, as well as start-up BingoBox to test the water for the “grab-and-go” concept.

These companies are venturing into the unmanned store to improve slim profit margins in the retail business by reducing staff costs due to wages and manpower costs have been rising relatively quickly in China.

Embedded with technology such as RFID tags, mobile payment systems and facial and movement recognition, such stores collect troves of data that give operators a better idea of consumer preferences and buying habits, which can then be used to optimise operations and make more efficient inventory decisions.

Thus, the complexity of the unmanned store system had allowed customers to shop unburden and gives retailers access to valuable data.

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