Photo credit: Fung Group
Fung Retailing Group, with a network of over 3,300 stores, and Chinese e-commerce retailer JD.com have unveiled Hong Kong’s first artificial intelligence (AI)-powered checkout solution in a retail store environment.
As the second pilot test experiment of the AI Boundaryless Retail Center, composed of AI and retail technology experts from Fung Retailing Group and JD.com, this is the first AI checkout experience featuring image recognition technology in Hong Kong. This technology is currently installed at the A.I.Retailing Zone in two Circle K stores in Hong Kong.
Designed to make the checkout experience as easy and hassle-free as possible, customers can complete the checkout process using the AI-powered checkout solution in just four seconds with three simple steps: Place products on the smart checkout counter; press the A.I.Recognition (A.I.R.) button on the cashier screen to scan the products; and complete payment with an Octopus card.
The advanced AI algorithm behind the solution enables the checkout counter to recognise up to five products within one second with an accuracy rate of over 97%, reducing the overall in-store checkout time by 30%.
“This is an important milestone for Fung Retailing as the first in the industry to unveil the first AI-powered checkout pilot experience in a convenience store environment,” says Sabrina Fung, group managing director of Fung Retailing Group. “This underscores our on-going commitment to experiment with new technologies like AI and to build partnerships like the one with JD.com to enhance the end-customer experience, further transforming the future of retail for Greater China.”
“AI will continue to play a critical role in transforming the retail landscape. Retailers who are able to capitalise on this trend will have a competitive edge among their peers. Leveraging Fung Retailing’s offline retail expertise and JD.com’s leading retail technology, this pilot project represents a critical first step in collectively realizing our vision for smarter and more convenient retail,” adds Dr Bowen Zhou, vice president of JD.com and head of JD’s AI Platform and Research.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha B / 
The Ministry of Industry and Advanced Technology (MoIAT) in cooperation with Lulu
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
/ 
In an exclusive interview with IMAGES RetailME, Sadique Ahmed, CEO of Pathfinder
The Dubai Duty Free (DDF) has recorded sales of $1.94 billion up
In an exclusive interview with IMAGES RetailME, Driss Iziki, MEA Operations Director
By harnessing the power of artificial intelligence (AI), data and digital innovation,
In an era where digital transformation is pivotal, shopping malls are not
This panel discussion at MRF 2024 explored the balance between digital-first brands
At MRF 2024, Zebra Technologies showcased their AI-powered ‘store of the future’,
This session at MRF 2024 focused on the pivotal role of omnichannel
An exclusive piece contributed By Oliver Morgan, Partner, Real Estate Development &
In the bustling retail environments, where shopping malls are not just places
Blue Yonder, a leader in supply chain and retail solutions, brings unique
Previous Article
