How AI Empowers New Retail Industry?

“New Retail” is the term Alibaba uses to describe the blending of online and offline commerce through the digitization of the entire retail value chain for the benefit of both the merchant and the consumer and, of course, the company enabling this transformation.
The retail industry is a labor-intensive industry, among all the infrastructures, the cashier labor cost occupies a considerable part.

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Still, a Long Way to Go Some enterprises have not mastered the market and blindly expand. Although some labor costs are reduced, the technical investment in the early stage, including the debugging, improvement, and optimization, is still a large expense. When the sales and investment costs are not balanced, it is easy to face difficulties or even bankruptcy. New retail gradually recovered after a period of silence, not only the industry began to enter a stable stage, also the consumers and businesses have upgraded the expectations for consumption and industrial optimization.
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