Capital, Earnings & M&A
Tencent Finally Makes Its Move: In the 1.8 Trillion Yuan Unmanned Retail Market, It Can't Let Alibaba Steal the Show
According to an authoritative report by iiMedia Research, the transaction volume of unmanned retail stores is expected to reach 38.94 billion yuan in 2017, with a growth rate of 281.3% by 2020 and a market size exceeding 1.8 trillion yuan by 2022. While Alibaba has been flaunting its unmanned retail solution, Tencent has quietly invested in the sector, signaling its entry into the fray.
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