Vanguard, Tesco unit planning tech JV

Updated 2017-07-13 09:26:40 Shanghai Daily

Vanguard, China's top supermarket chain, and Tesco's data analysis firm, Dunnhumby, yesterday announced a 50-50 joint venture on data science.

Vanguard, a unit of Fortune 500 firm China Resources, is the first offline retailer in the country to establish a professional data firm.

It comes as China's retail landscape embraces the Internet and technologies such as big data, artificial intelligence and Online-2-Offline services.

The joint venture, China Wisdom Dunnhumby, will help analyze data on shopping experience, consumer habits, multi-channel distribution networks and supply chains.

Initially, it will cater to more than 3,000 Vanguard outlets and later expand into telecommunications, banking and other industries.

"We have to embrace new trends and technologies in the new retail landscape in China," said Xu Hui, general manager of Vanguard.

Retailers are facing challenges from online giants such as Alibaba and JD.com, which have already changed the shopping experience for consumers, analysts say.

Data-driven service will help firms find new opportunities and growth engines and Dunnhumby has 27 years' experience in the retail industry, serving 800 million consumers globally, said Guillaume Bacuvier, the firm's CEO.

China aims to more than triple the scale of the big data industry by 2020 in a bid to foster new economic drivers, which will increase annual sales to 1 trillion yuan (6 billion) by 2020, the Ministry of Industry and Information Technology says.

Stores with artificial intelligence machines instead of human cashiers and checkout lines are already being trialed in Shanghai, similar to Amazon Go in the United States.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 26 2017 18:51:34

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 26 2017 18:51:34

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 26 2017 18:51:34

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords