BEIJING - March 16, 2018 - (Newswire.com)
Invited by Takachiho Koheki Co. Ltd., a famous electronics company in Japan, YI Tunnel attended RetailTech Japan 2018 during March 6-9. At this year’s trade show, YI Tunnel showcased its AI-based intelligent vending machine developed with pure vision technology. The product lit up Japan’s retail market where vending machines have been used for more than 50 years, receiving a lot of praise from the visitors for its advanced technology and convenient user experience.
With YI Tunnel’s AI-based intelligent vending machine, users just need to open the door by scanning a code, take what they need and close the door, and the payment will be made automatically. Its cost is only 40 percent of a traditional mechanical machine. With this machine, owners can get real-time information about sales and inventory. In the future, with the accumulation of big data, they can use AI for intelligent marketing and intelligent supply chain management. Besides, compared to other intelligent vending machines in the marketplace, YI Tunnel’s machine uses the pure vision technology, so there is no need to attach RFID tags anymore. This can dramatically reduce the operating cost.
RetailTech Japan is Japan's largest and most influential trade show specializing in retail information system. Japan's retail industry is extremely influential and sets trend in Asia. Therefore, the show also attracted a lot of attention from businesses around the world. The perfect debut of YI Tunnel’s AI-based intelligent vending machine in a country where vending machines are ubiquitous will breathe life into the industry and drive the industry’s upgrade.
About YI Tunnel
- YI Tunnel is a very business-savvy AI company in China delving deep into scenarios to empower retail with AI.
- The company currently focuses on providing three solutions: the first is the world’s first AI unattended cash register from YI Tunnel, which enables automatic checkout by “looking”; the second is the world’s first pure vision AI-based vending machine; and the third is the pure vision-based unattended store solution called Super YI with a cost far lower than that of Amazon Go.
- Founder Yili Wu is a “serial entrepreneur.” He was among the first cohort of graduates from the Tsinghua University’s school of software and used to work at Oracle and IBM for eight years. The company’s key researchers are from the Tsinghua University’s school of software and its industry experts are executives from Zhongbai, Wangfujing and Wanda etc.
- In 2017, YI Tunnel completed two rounds of fundraising in just three months and received tens of millions of Yuan as investments from Baidu Ventures, Fengshion and Kinzon Capital.
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Original Source: YI Tunnel Showcased Product at RetailTech Japan 2018
