Will this one-year-old startup revolutionize traditional industries?

China

5 min read

Jan 21, 2019

By Hua Nan

Targeting retail and tourism first, Aibee aims to help traditional businesses keep up with their online counterparts using its all-in-one AI solutions

“I’d beaten all the rivals but still couldn’t survive [the e-commerce] era,” said RT-Mart founder Peter Huang, sighing over the decline of offline retail.
RT-Mart, a former star in the retail world, leapfrogged Carrefour in 2010 and Wal-Mart in 2011 to become the biggest offline retailer in China.
Then, in November 2017, e-commerce giant Alibaba acquired a 36% stake in Sun Art Retail Group, which operates RT-Mall, becoming its second biggest shareholder. As part of the deal, Huang was required to resign as executive director to give another board seat to Alibaba...

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Edited by Wendy Lovinger , Wang Xiao'e

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