Technology innovation subverts the finals of the traditional retail smart retail challenge

On July 19, 2016, the Comet Labs Smart Retail Challenge final came to a successful conclusion in Beijing. After 12 on-site technology start-up companies showed their appraisals, they eventually came from four projects including Xiamen 11th Street Information Technology Co., Ltd., Wangpai World Network Technology Co., Ltd., Nanjing Sesame Information Technology Co., Ltd., and Nanjing Billion Cat Information Technology Co., Ltd. In the end, it successfully solved the needs of the four retail companies, namely Intime Department Store, Wanda Plaza, Red Star Macalline, and Wumart Group, and finally won the title. Intime CEO Guo Guoqin, Wujiaochang Wanda Plaza General Manager Chen Wei, Red Star Meikailong Group Operations Center Deputy General Manager Jia Ye, Wumei Group Information Center Deputy Director Wang Guoxing, Lenovo Star Partner & Comet Labs Chairman Liu Wei awarded the winning team .


In the past two months of the Challenge Solution Solicitation Phase, Comet Labs has received registrations from nearly 200 companies and teams. In addition, overseas teams submitted their registrations through Comet Labs San Francisco Sub-Division, and the teams used to resolve user data. The five traditional retail needs of collecting and excavating and offline data products, precision marketing and smart shopping guides, smart self-service cash registers, as well as the existing challenges and future business scenarios of the retail industry, have come up with targeted solutions. , And then promote the traditional retail industry to intelligent transition and development.

A number of industry experts participated in the final on-site review, including: Intime CEO Guo Guoqin, Wujiaochang Wanda Plaza General Manager Chen Wei, Red Star Meikailong Group Operations Center deputy general manager Jia Ye, Wumei Group Information Center Deputy Director Wang Guoxing, and the competition innovation alliance Sanbao Group Investment Director Ye Hao.


Liu Wei, chairman of Comet Labs, stated: “Comet Labs believes that artificial intelligence technology will be the next wave. Artificial intelligence and smart machines will have a tremendous impact on traditional industries such as retail and healthcare. Future intelligence and data, including the provision of The company's consumer insights, the optimization of its own supply chain, and the intelligent transformation of its own business processes will play a central role in artificial intelligence.This time we unite Intime Department Store, Wanda Plaza, Red Star Macalline, and Wumart Group. Four retail industry leaders launched this Smart Retail Challenge to find the best start-up companies and innovative products to jointly promote the revolution in the retail industry.Aided by a new model of cooperating with industrial partners to demonstrate their actual business needs, The startup company has a better understanding of industrial companies, understanding of the industrial ecology, access to industrial resources, and acceleration of product definition and landing."

The four teams that won the Smart Retail Challenge will receive field product testing opportunities provided by Intime Department Store, Wanda Plaza, Red Star Macalline and Wumart Group. At the same time, Comet Labs set up a RMB 20 million investment fund pool for the competition, providing all-round supporting value-added services such as funds, venues and training for the winning teams in different sectors. In addition, the mobile technology from the 12 finals team selected Xiamen 11th Street Information Technology Co., Ltd. was awarded the TechCrunch2016 International Innovation Summit Beijing station startup company booth. All Entrepreneurial Teams enrolled in the competition also received entrepreneurial support resources provided by the Challenge Partners UCloud, Nebula Intelligent Hardware Accelerator, Space, and Geek Acceleration.

The main goal of Comet Labs is to support and invest in the world's best artificial intelligence, robotic startup companies, and to cooperate deeply with companies in traditional industries. The activities of the Smart Retail Challenge not only determine outstanding contestants, but also inject artificial intelligence into the traditional retail industry. It is hoped that through technology entrepreneurship, it will be possible to explore the smart future of retail commerce with leading companies in the retail industry. !

Smart Retail Challenge Competition Team Winners

Solve user data collection and mining

Winning Team: Xiamen 11th Street Information Technology Co., Ltd.

Project Name: Cloud Try-on Leading Cloud Consumption

Offline data digitization

Winning Team: World Wide Network Technology Co., Ltd.

Project Name: Netscape "EasyEC" Solution

Precision Marketing and Smart Shopping Guide

Winning Team: Nanjing Sesame Information Technology Co., Ltd.

Project Name: Offline Consumer Big Data Platform Construction and Marketing Application  

Smart self-service cash register

Winning Team: Nanjing Yimao Information Technology Co., Ltd.

Project Name:Smart Shopping Cart

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