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AInnovation Named an IDC Innovator in China’s Retail Industry

Published

6 years ago

July 9, 2019

Reading Time: 3 minutes

Internationally-renowned research firm IDC recently released the IDC Innovator for Computer Vision in China’s Retail Industry report. AInnovation was chosen as an IDC Innovator for its “retail full value chain” solution based on two core technologies — computer vision and automated machine learning — as well as several of its retail products.

IDC Innovators are a set of emerging IT technology vendors whose products and services have entered the commercial stage and whose revenues are under US$100 million. These vendors offer a groundbreaking business model within a certain market and/or an innovative new technology.

IDC believes that artificial intelligence (AI) will play an important role in the digital transformation of the retail industry, properly connect the supply and demand sides, create new value at the retailer level and a new experience at the consumer level. The challenge is how to create new value and new experiences at scale. The cost and ease of implementation of the solutions are important issues that retailers need to consider when choosing AI technology vendors.

Based on the analysis of retail-focused AI vendors and the survey of emerging companies in terms of company size, products and technologies, industry and customers, layout of the ecosystem and future development strategies, AInnovation was finally chosen as an IDC Innovator for Computer Vision in China’s Retail Industry.

See the original report below

Why AInnovation Was Chosen as an IDC Innovator

AInnovation is a professional AI2B company established in March 2018, it provides complete artificial intelligence solutions in retail, manufacturing and finance area, and commits to deep understanding of retail business scenario, meeting business requirements, providing software and hard integration products and solutions for enterprise users. AInnovation combines technological innovation with quick industry applications. It has served Nestlé, Mars, Yonghui Superstores and other domestic and foreign retail giants.

IDC Innovator Assessment

AInnovation provides an end-to-end artificial intelligence retail solution, building a “retail full value chain” around “people, goods, scenarios” and “research, production, supply, sales and service”, opening up consumption to manufacturing, covering goods full value chain for R&D, manufacturing, warehousing, supply chain transferring, customer marketing and services.
Smart Vending Machine: Users can open the door by code-scanning or face-swiping, arbitrarily select the goods, and close the door to accurately deduct the quick-pay-fee. This scenario relies on computer vision technology and is dual-verified by gravity sensing. The data and algorithms for visual recognition are processed in the cloud, enabled lower stand-alone costs.
Shelf Intelligence: Via use of image recognition method to achieve comprehensive monitoring of channel displays, it can effectively show the status of goods displayed on shelf, freezer and floor stack, and can also be customized with KPI analysis to realize intelligent Channel monitoring.
Covers the retail in front, middle and backstage data intelligence applications: In the back end, AInnovation provides refined operations for supply chain replenishment work, providing high-precision demand forecasting and replenishment recommendations at the inventory unit (SKU) level, increasing turnover rate, moving sales rate, reduce the loss of goods and the stock-out rate. Combined with front-end smart vending machine, shelf intelligence and precision marketing solutions, it helps retail enterprises realize data intelligence in front, middle and backstage.
Relying on the whole industry chain solution: AInnovation’s customers cover all kinds of retail enterprises, including domestic and foreign industry leading retail brands (such as Carlsberg, Friso, Mars, Nestlé, Wyeth, Gerber, JuliusMaggi, Totole, etc.) and chain shopping centers (such as Yonghui Superstores).

Key Differentiator

AInnovation develops technical products and industry scenes at the same time and it has outstanding performances in artificial intelligence algorithms, software and hardware computing power; in the retail industry application level, from “people, goods, scenarios” and “research, production, supply, sales, service” to provide comprehensive coverage on front, middle and backstage application integrates the needs of industry users and realizes two-wheel drive of technical products and industry scenes.
AInnovation shows good software and hardware integrated products delivery capabilities. Different from some artificial intelligence enterprises, only a single software or “software + service” solution is provided, The hardware in AInnovation’s solution not only refers to the server-based infrastructure, but also includes visual recognition/positioning/detection/measurement equipment and intelligent terminal products by software and hardware optimization. It has good software and hardware adaptation capabilities, which facilitates industrial users to obtain commercial monitoring data.
AInnovation has comprehensive technical system layout. It focuses on improving R&D strength, and the proportion of R&D talents exceeds 70%. Through the establishment of a three-layer technical system layout of “AInnovation Scientist Research Committee –AInnovation Research Institute — AInnovation Engineering Algorithm R&D Team”, the technical advantages are consolidated. In 2019, among six assessment results of the face detection contest WIDER FACE’s three evaluation subsets of Easy, Medium and Hard criteria, the company ranked first in the overall evaluation (get five of first rank in the six sub-items, and one second-place rank). Besides, AInnovation has more than 100 innovative algorithm patents.

Challenges

The degree of informatization in traditional industries is generally insufficient. How to train artificial intelligence models when data volume is insufficient is a common technical challenge in the industry. At the same time, how to screen out the business scenarios that are suitable for artificial intelligence applications so that they can avoid waste of manpower and R&D resources, is also a problem that needs careful consideration.

SOURCE AInnovation

Fintech PR

Binance Launches Fund Accounts – the First Crypto Exchange Solution Lowering the Entry Barrier to Crypto for Fund Managers

Published

58 minutes ago

April 24, 2025

CISION (PR Newswire)

binance-launches-fund-accounts-–-the-first-crypto-exchange-solution-lowering-the-entry-barrier-to-crypto-for-fund-managers

Mirrored on traditional finance account infrastructure, fund managers can now set up omnibus accounts on Binance to streamline investment trading strategies and focus on growth

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Binance, the global blockchain ecosystem trusted by over 270 million users worldwide, today announced Fund Accounts, the first digital asset exchange technological solution for fund managers to facilitate pooling of their investors’ assets to streamline fund management operations and enhance trading efficiency. Powered by Binance’s robust account management infrastructure and technology, Fund Accounts reduces friction for fund managers with a new and efficient way to manage investor capital on the world’s largest cryptocurrency exchange by trading volume.

Mirrored on account infrastructure available in traditional finance, Binance Fund Accounts allows fund managers to consolidate externally-raised investor funds into one or multiple omnibus Fund Accounts based on their preferred trading strategies. This plug-and-play account infrastructure enables fund managers to operate with greater flexibility and efficiency, freeing them to focus on strategy execution to deliver for their investors. Until now, fund managers trading on crypto exchanges could only manage each of their investor’s assets individually in segregated trading accounts, limiting the managers’ ability to streamline and scale for performance as they usually do in traditional fund management.

Bringing TradFi user experience and trust to crypto asset management

Binance Fund Accounts introduce a universal net asset value (NAV) per unit concept widely used in TradFi to provide a clear and trackable profit-and-loss (PnL) for each fund and will address the lack of a common market standard in crypto asset management. The NAV per unit calculation will give transparency to fund managers and their investors, and also ensure that each respective investor is only able to withdraw the assets that they’re entitled to.

Fund managers will have trading capabilities over the fund accounts while deposits and withdrawals are limited to their investors, giving investors the confidence their assets are securely kept on Binance. This will foster trust in the growing crypto asset management sector and remove barriers for emerging fund managers to address counterparty risk concerns of investors.

Investors and fund managers would need to enter into a separate agreement regarding subscription and redemption, ensuring transparency and clarity in the asset management process. This framework is modeled after traditional finance to provide fund managers with more cohesive management of investor capital and reduces complexity, offering fund managers and their investors a TradFi-like user experience they are familiar with.

Head of Binance VIP & Institutional, Catherine Chen, says: “Fund managers are seeking efficient, scalable solutions to adapt their strategies to the ever-evolving crypto landscape. Binance Fund Accounts is a plug-and-play tool that lets fund managers streamline investment management, allowing them to focus on strategy execution and efficient capital deployment. Our technology solution empowers fund managers to offer a more seamless and flexible approach to digital asset management while ensuring that their investors can benefit from the security and deep liquidity Binance is known for. We are excited to continue leading the way in transforming how institutional clients engage with digital assets.“

Key benefits of Fund Accounts include:

Streamlined Portfolio Management: Fund Accounts significantly reduces the operational complexity associated with managing multiple accounts by consolidating investor assets into a single omnibus account. This enables fund managers to execute strategies more efficiently, reducing time and effort spent on individual account adjustments.
Flexibility in Strategy Execution: The flexibility to create multiple fund accounts allows managers to deploy different trading strategies tailored to each fund while maintaining an efficient, centralized structure for all investor assets. This enables fund managers to focus on strategic decision-making rather than operational overhead.
Investor Diversification: With the functionality of setting up multiple fund accounts, fund managers can attract a variety of investors based on their risk appetite and thus set up fund accounts with tailored trading strategies accordingly.
Net Asset Value (NAV) Per Unit standard: Fund Accounts introduces a universal NAV per unit concept widely used in TradFi to provide a clear and trackable PnL for each fund, setting a common standard for the crypto asset management market. The NAV per unit standard provides transparency for both fund managers and their investors, makes it easier for managers to communicate fund performance, and enables the calculation and tracking of each investor’s entitlement in each investment fund.
Foster Trust between Fund Managers and Investors: Binance’s robust account management infrastructure ensures investors’ assets are securely kept on the world’s largest crypto exchange, while enabling fund managers flexibility and scalability in their trading execution and operations. This will cultivate trust in the growing crypto asset management sector and remove barriers for emerging fund managers to compete.
Business Growth and Scaling: Fund managers can now effectively scale up their fund size exponentially without incurring incremental operational costs as the funds are pooled for efficient management and execution. This addresses a long-standing pain point for fund managers when investing in digital assets, given that it is difficult and expensive to scale when managing multiple segregated accounts.

Binance continues to lead the market in meeting demand for solutions that bridge the gap between crypto and TradFi for institutional users. Other first-in-market solutions pioneered by Binance include banking triparty to address counterparty risk concerns, and Binance Wealth which enables wealth managers to support their high-net-worth clients’ crypto journey.

Disclaimer: The products and services referred to herein may be restricted in certain jurisdictions or regions or to certain users, in accordance with applicable legal and regulatory requirements. These materials are intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. Binance offers the Fund Account function as a purely technological solution to meet the needs of fund managers and investors. Binance is not a party to any contract entered into between the fund managers and investors. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. Past performance is not a reliable indicator of future performance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

About Binance

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 270 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.

For more information, visit: https://www.binance.com

About Binance VIP & Institutional

Binance VIP & Institutional empowers institutions and private wealth clients with robust asset management infrastructure, personalized VIP services and advanced end-to-end institutional trading tools on the world’s largest cryptocurrency exchange by trading volume and registered users. With deep financial services experience in both traditional and crypto markets, its global team of trusted experts provides VIP & Institutional clients with the support they need to confidently capitalize on the industry’s deepest liquidity and tightest markets.

For more information, visit: https://www.binanceinstitutional.com

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View original content:https://www.prnewswire.co.uk/news-releases/binance-launches-fund-accounts—the-first-crypto-exchange-solution-lowering-the-entry-barrier-to-crypto-for-fund-managers-302437234.html

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AKI sets the stage for continued growth with next-generation fulfilment centre

Published

58 minutes ago

April 24, 2025

CISION (PR Newswire)

aki-sets-the-stage-for-continued-growth-with-next-generation-fulfilment-centre

The facility in Dubai Industrial City quadruples AKI’s fulfilment capacity for serving global and regional partners, with capacity to handle +1.5 million units per day
AKI’s end-to-end, in-house capability enables it to meet ever-increasing customer expectations across multiple sectors – from healthcare to FMCG, retail, and beyond
The centre is envisioned to be a contributing force in Dubai’s Economic Agenda “D33”, enhancing the advantages gained from Dubai’s strategic location and infrastructure

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Building on an entrepreneurial spirit spanning more than four decades, Al Khayyat Investments (AKI) has inaugurated a state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, part of TECOM Group PJSC, that will serve as a cornerstone for the company’s continued regional expansion.

The 1 million sq ft facility not only quadruples AKI’s fulfilment capacity but also raises the benchmark for agile, sustainable supply chain operations in the UAE. It already handles over half a million units per day, with the capacity to scale up to one and a half million units. The site also includes provisions to expand by nearly 200,000 sq ft in the near future. The centre will serve more than 30,000 business customers, as well as support home delivery services for consumers across the UAE who enjoy AKI’s retail and e-commerce offerings.

The centre builds on the goals set out in the Dubai Economic Agenda (D33) to capitalise on Dubai’s strategic location and advanced infrastructure to raise the city’s status as a preferred destination for major international companies and investments. Recently, the UAE has set out fresh plans to strengthen the country’s position as a leading hub for global trade and raise the value of its logistics sector to beyond AED200 billion annually over the next seven years.

A privately held Emirati holding company, AKI has continuously expanded its supply chain infrastructure over more than four decades. The company’s end-to-end, in-house capability enables AKI to meet ever-increasing customer expectations across multiple sectors including pharmaceuticals, medical and laboratory equipment, retail, food and non-food consumer goods, fitness, automotive, environmental services, contracting, and more.

Zaid S. Al Khayyat, Managing Director of AKI, notes: “AKI was founded on a spirit of smart agility and entrepreneurial energy. This new Fulfilment & Innovation Centre carries forward these values as we aspire to seize new opportunities over the coming decades. Yet this facility is not just about enhancing our own operations. It is a strategic investment that creates long-term value for our partners and customers, while contributing to the UAE’s future-focused economy. Above all, it represents the power of our people driving our business forward every day.”

“Dubai Industrial City is proud to be the home of AKI’s new fulfilment centre,” says Saud Abu Alshawareb, Executive Vice President – Industrial at TECOM Group PJSC. “Our district’s proximity to Jebel Ali Port, Al Maktoum International Airport, and an Etihad Rail freight terminal enables connectivity for Al Khayyat Investments’ new fulfilment centre and sets it up for long-term success. Home to more than 1,100 manufacturing champions and 350 operational factories, Dubai Industrial City is committed to supporting such strategically significant projects, in line with Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.”

Samer Sabri, Group Chief Supply Chain Officer at AKI, adds: “This facility is a testament to the extraordinary teams within AKI who embrace diverse thinking to push boundaries, do more, and set the benchmark in supply chain excellence. The facility will truly redefine AKI’s position within the UAE market, ensuring swifter and more efficient distribution capabilities for our growing business ecosystem.”

The centre’s design reinforces how AKI is leading the way in digital transformation and sustainability within supply chain operations. Cutting-edge technologies and smart processes are set to increase AKI’s supply chain and fulfilment productivity. With excellent connectivity to major transport and logistics networks, the facility allows for unrestricted movement of cargo to and from all major ports, Etihad Rail cargo terminal, as well as the eagerly anticipated expansions to Maktoum International Airport.

Photo: https://mma.prnewswire.com/media/2672446/AKI_fulfilment_centre.jpg

View original content:https://www.prnewswire.co.uk/news-releases/aki-sets-the-stage-for-continued-growth-with-next-generation-fulfilment-centre-302437263.html

Fintech PR

10% Rebate: Bybit Card Introduces USDC Cashback

Published

2 hours ago

April 24, 2025

CISION (PR Newswire)

10%-rebate:-bybit-card-introduces-usdc-cashback

DUBAI, UAE, April 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, now offers cashback in both of the dominant USD-denominated stablecoins for Bybit Card holders. With the introduction of USDC cashback in addition to USDT, BTC, and ecosystem partner token AVAX, Bybit Card holders may now earn rewards in a cryptocurrency of their choice through daily spendings.

Starting Apr. 18, Bybit Card holders will be able to diversify their cashback earnings into USDC. Once approved, new users will receive a virtual card compatible with Apple Pay or Google Pay, and be invited to choose a default cashback option on the Card Rewards page after logging in.

Depending on the cardholder’s VIP level, they may receive up to 10% or $150 in cashback for eligible spending.

One of the most popular stablecoins worldwide, USDC is a game-changing financial innovation with standout features:

Stable: Fully backed by cash and cash-equivalent assets, always redeemable 1:1 for USD.
Frictionless: USDC can be moved across borders with instant finality at minimal cost.
Open: Available 24/7, making it easy to send, spend, or save anytime.

“The Bybit Card is about crafting an inclusive experience for our diverse customers. The introduction of the USDC cashback option is tailored for cardholders prioritizing stable returns, and we are looking to expand the range of rewards as the Bybit Card continues to grow,” said Joan Han, Head of the Payment Business Unit at Bybit.

With more than 1.7 million cards issued globally, the Bybit Card offers a nimble solution for users to top up, spend, and earn yield and rewards, with their digital assets. Bybit Card holders are swipes away from their payment and spending needs with the virtual or physical card, accessible anywhere within the global Mastercard network.

Key Features of the Bybit Card:

Instant virtual card: users will get a versatile card instantly, compatible with Apple Pay and Google Pay.
Crypto convenience: spending in crypto, and cash withdrawals from any ATM worldwide that supports Mastercard for added convenience with the physical card.
No annual fees and up to 8% APY and 10% cashback
Year-round perks: 100% rebates on selected partners including Netflix and ChatGPT, plus air lounge access, early-bird access to Tomorrowland Brasil 2025, and seasonal benefits
Multi-asset support: USDC, USDT, BTC, ETH, AVAX, and more.

Restrictions apply. Users may find out more about the Bybit Card, regional rewards, and eligibility: Bybit Crypto Card: Your Ultimate Crypto Debit Card.

#Bybit / #TheCryptoArk / #TheBybitCard

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media