AI + Retail market in China to reach US$390 million by 2020

In 2019, the scale of AI + retail market reached 650 million yuan (US$95 million) in China. With the continuous improvement of AI solution capability and increasing demand, it is estimated that the market will reach 2.67 billion yuan (US$390 million) by 2022, and CAGR will reach 44.6% in 2018-2022.

The main reason for the decline in the growth rate of the market scale in 2020 is that the demand enterprises are relatively cautious about the purchase of technical services due to the impact of C...