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China A Focus For Automated Store Innovation

May 14, 2018: 12:00 AM EST

China has become the focus for companies looking to automate the physical shopping experience. Alibaba, Tencent and JD.com have all opened automated stores in the last few months, at the start of what they believe will be a large-scale rollout of personnel-free shops. The Chinese consumer's openness to high tech and willingness to try something new is expected to drive unprecedented growth of the retail industry in China as the country's 724 million mobile phone users increasingly accept mobile transactions. Improving internet connectivity and smartphone penetration are expected to boost sales even further, and retailers are also having to deal with labor pressures due to an aging population and the trend of millennials leaving retail to seek higher-paid work.

Ralph Jennings, "Why Unmanned Stores Are About To Take Off In China's Retail Market", Forbes.com, May 14, 2018, © Forbes Media LLC
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