Chinese Smart Retailer Suning Unveils New #RaaS# Strategy at CES 2019 to Boost the Digitalization of Retail Industry

Information Technology Press Releases Thursday January 10, 2019 09:30
LAS VEGAS--10 Jan--PRNewswire/InfoQuest
  • Dr Jack Jing, COO of Suning Technology Group, launches new strategy
  • Open platform will allow partners to access tech-driven ecosystem
  • SME retailers can use to enhance operational efficiency and customer experience

Suning, the commercial giant ranked second in China's top non-state-owned enterprises and owners of Suning.com, a Fortune Global 500 retail company, today unveiled its new 'Retail as a Service' ('RaaS'for short) based on its Smart Retail strategy at CES 2019 in Las Vegas, to empower the future development of the industry.

Regarded as the 'Brain' of Smart Retail – the strategy is in essence an open-platform model through which partners can access Suning's portfolio of long-term accumulated technology capabilities and omni-channel operation experience, including:

  • SaaS (Software as a Service) -- based on the consumer-oriented R&D practices, Suning has achieved the commercial applications of AI, IoT and big data across the whole business process, such as Personalized Products Recommendation, Digital Store, Smart Home Service.
  • PaaS (Platform as a Service) -- consists of Suning's AI platform, big data platform and over 80 business engines. The AI platform is operated by 3 foundational algorithm platforms to support more than 150 AI skills and over 80 retail scenarios, while the big data platform could collect, process and distribute more than 600 million users' information generated from over 2,000 retail service scenarios, along with 15 billion data calculations per day.
  • IaaS (Infrastructure as a Service) -- Suning has completed the infrastructure construction which contains computing, storage, networking, IDC (Internet Data Centre) and micro service facilities to strongly support the industrial leading ecosystem.
  • HaaS (Know-How as a Service) -- Suning owns 5 R&D centres and 35 solution sites both at home and overseas. A brilliant talent team of more than 10,000 experts has been established to continuously provide the latest and most innovative technical knowledge for exploring the future trends and opportunities of the industry.

Dr Jack Jing, COO of Suning Technology Group, said: "As the largest omni-channel retailer in China, we know that smart retail is the key to attracting and satisfying consumers in the digitalized era. We want to work with more partners in the industry to open up access to data, tech and tools, which can help them better understand their users and achieve business goals. That's what the 'Retail as a Service' ('RaaS') strategy is all about."

Suning's 'RaaS' strategy now offers the industrial practitioners such as manufacturers, SME retailers and even tech developers or service providers an integrated solution to enhance both operational efficiencies and costumer experience.

To further promote this strategy, Suning has announced cooperations with a number of industrial partners -- GaiaWorks, Ecovacs Robotics, and SenseTime, the world's most valuable AI unicorn and the largest pure-play AI company -- to deepen the development and extend application scenarios of the solution.

In the meantime, with nearly 30 years of both online and offline retail experience, Suning also announced that it will open the software source of its smart retail ecosystem at CES 2019. It aims to enable SMEs to share the technology advantage of larger enterprises, to increase operation capability and efficiency. Suning started applying its shared in-store management and operation system to its Retail Cloud Programme which was launched in 2018 to empower the small- and middle-sized retail franchises in Tier 4-6 cities of China and achieved remarkable results within the year. By allowing access to Suning's smart retail ecosystem, there are now over 2,000 Suning Retail Cloud Stores nationwide equipped with Suning's RaaS business engines.

-Ends-
Suning's booth is located at Booth 26030 at LVCC S2 Area.
About Suning

Founded in 1990, Suning is one of the leading commercial enterprises in China with two public companies in China and Japan. In 2018, Suning Holdings ranked second among the top 500 non-state owned enterprises in China with annual revenues of 80.85 billion USD (557.9 billion RMB). With the mission of "Leading the Ecosystem across Industries by Creating Elite Quality of Life for All", Suning has strengthened and expanded its core business through eight vertical industries: Suning.com, Logistics, Financial Services, Technology, Real Estate, Sports, Media & Entertainment, and Investment. Suning.com is listed on the 2018 Fortune Global 500. For more information see www.suningholdings.com

Photo - https://photos.prnasia.com/prnh/20190110/2342915-1-a
Caption - Suning's booth at CES 2019
Photo - https://photos.prnasia.com/prnh/20190110/2342915-1-b
Caption - Dr. Jack Jing, COO of Suning Technology Group published the 'RaaS' strategy

Latest Press Release

Tethr and Red Box Announce Partnership to Accelerate and Simplify the Delivery of Voice of Customer Analytics Solution

Tethr, the leading AI-powered conversational intelligence platform for listening enterprises, and Red Box, the leading platform for voice, today announced a strategic partnership to help customers more easily capture and gain business insights from voice...

RTB UNVEILS JABRA ELITE ACTIVE 45E THE SPORT EARPHONES INNOVATION IN METICULOUS DESIGN INCLUDE WATERPROOF TECHNOLOGY THAT WITHSTANDS WITH LONGER MUSIC TIME

RTB Technology Co., Ltd., Thailand's headphones innovation leader, proceeds to launch the intelligent earphones "Jabra Elite Active 45e" to delight music lovers who enjoy active lifestyles. Jabra Elite Active 45e features latest semi in-ear earphones...

ZTE to demonstrate its all-around preparation for end-to-end 5G commercial use at MWC Shanghai 2019

ZTE Corporation (0763.HK / 000063.SZ), a leading provider of telecommunications, enterprise and consumer technology solutions for the mobile internet is to showcase its latest commercial developments of end-to-end 5G technologies at Mobile World Congress...

tyntec and Ooredoo Announce Global A2P SMS Partnership

- First Phase of the Roll Out will Designate tyntec as Exclusive Provider of International A2P SMS Services for Telecom's Indonesian Market tyntec, a global cloud communications provider, today announced it has entered into an exclusive partnership with...

From Smart Washing to the Future of Clothing and Fabric Care: Haier Unveils Its Latest 2019 Innovations to Enrich Its Internet of Clothes Capacity

Haier (600690:Shanghai) unveiled the new products during Haier 2019 Washing and Fabric Caring Industry Strategy Launch Event held today in Wuhan China. Are you ready for the Internet of Clothing, a future where your clothes interact with your...

Related Topics