Takeaways from CES Asia 2017: Day 2 - Deborah Weinswig...Takeaways from CES Asia 2017: Day 2 The...
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1 June 9, 2017 Deborah Weinswig, Managing Director, Fung Global Retail & Technology [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2017 The Fung Group. All rights reserved. Takeaways from CES Asia 2017: Day 2 The Fung Global Retail & Technology team is attending CES Asia 2017. Taking place on June 7–9 in Shanghai, the show brings some of the most exciting global tech innovations to the Asian marketplace. 1) Deborah Weinswig, Managing Director of Fung Global Retail & Technology, took part in a panel discussion on the future of fashion tech in Asia, where she highlighted the growth and innovative potential of re-commerce. 2) Baidu has serious autonomous vehicle ambitions: the company discussed two of its projects—Road Hackers and Apollo—which are open collaboration platforms that aim to drive the autonomous driving ecosystem forward. 3) JD.com discussed its 12-year AI strategy, while also showcasing the logistics of the future, which consists of unmanned delivery units and unmanned warehouses. The company also announced JD Alpha, a one-stop content and commerce destination that brings products and services to the smart-home consumer. This year’s CES Asia has attracted 450 exhibitors from 22 countries, with more than 30,000 attendees from 80 countries. Over 1,100 media are covering 19 product categories from augmented reality (AR), to virtual reality (VR), to emerging technologies, to drones and Internet of Things (IoT).
Transcript of Takeaways from CES Asia 2017: Day 2 - Deborah Weinswig...Takeaways from CES Asia 2017: Day 2 The...
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June9,2017
DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Takeaways from CES Asia 2017: Day 2
TheFungGlobalRetail&TechnologyteamisattendingCESAsia2017.TakingplaceonJune7–9inShanghai,theshowbringssomeofthemostexcitingglobaltechinnovationstotheAsianmarketplace.
1) DeborahWeinswig,ManagingDirectorofFungGlobalRetail&Technology,tookpartinapaneldiscussiononthefutureoffashiontechinAsia,whereshehighlightedthegrowthandinnovativepotentialofre-commerce.
2) Baiduhasseriousautonomousvehicleambitions:thecompanydiscussedtwoofitsprojects—RoadHackersandApollo—whichareopencollaborationplatformsthataimtodrivetheautonomousdrivingecosystemforward.
3) JD.comdiscussedits12-yearAIstrategy,whilealsoshowcasingthelogisticsofthefuture,whichconsistsofunmanneddeliveryunitsandunmannedwarehouses.ThecompanyalsoannouncedJDAlpha,aone-stopcontentandcommercedestinationthatbringsproductsandservicestothesmart-homeconsumer.
Thisyear’sCESAsiahasattracted450exhibitorsfrom22countries,withmorethan30,000attendeesfrom80countries.Over1,100mediaarecovering19productcategoriesfromaugmentedreality(AR),tovirtualreality(VR),toemergingtechnologies,todronesandInternetofThings(IoT).
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
TakeawaysfromDay2Baidu’sWaveofAutonomousDrivingBaidu,theleadingsearchengineinChina,hasbeenabletopersonalizesearchresultstodifferentuserbehaviors,benefitingfromadvancesintechnologysuchasmachinelearningandfastercomputing.However,asthecompanyhasventuredintotheautonomousdrivingindustry,itisfacingevenmorecomplexchallengesthanthoseinitssearchbusiness.Onesuchchallengeisreal-timeimageprocessing,whichrequiresmoresophisticated,deeplearningprocesses,inadditiontoevenfastercomputationspeeds.
BaidulaunchedaprogramcalledRoadHackers,anopenplatformwhichusesdatafromconsumer-gradecamerasinvehiclestotrainBaidu’sdeeplearningalgorithmsandcreateaself-drivingsolutionatalowercost.
Source:FungGlobalRetail&Technology
AccordingtoBaidu’spresentationatCESAsia2017,itsautonomousdrivingsolutionhasthreeadvantages:
• Bigdata:BaiduhasChina’sfirst3D,high-precisionmappingandpositioningsystem.Thecompanymanagesover1000PBofdata,withdailyprocessingdatavolumeofmorethan100PB.
• Algorithms:Itboaststheworld’slargestDeepNeuralNetworks(DNN)andtheworld’sleadingtraffic-situationrecognitiontechnologywithanaccuracyrateof90.13%.
• Cloudcomputing:Baiduleveragestheworld’smostprecisecomputervisionsystem—DeepImage—whichrunsonthesupercomputerMINWA.ThecomputingvolumeisaslargeastwoTianhe-1.
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June9,2017
DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Baidu’sProjectApolloProjectApollowillprovide“anopen,completeandreliablesoftwareplatformforBaidu’spartnersintheautomotiveandautonomousdrivingindustry.”Thecollaborativeplatformhasfourmaincomponents:
• BaiduApollocloudservices
• Apolloopensoftwareplatform
• Referencehardwareplatform
• Referencevehicleplatform
Industrypartnerscanleveragetheplatformtobuildtheirownautonomousdrivingsystem/hardwarethemselves.AglobalannouncementregardingtheprojectwillbereleasedthisJulyinBeijing.
AsianFashionTechnology2017DeborahWeinswig,ManagingDirectorofFungGlobalRetail&Technology,tookpartinapaneldiscussiononthefutureoffashiontechinAsia.ThepanelincludedIchiroAmimori,FounderofXenoma;HeikalGani,Co-FounderofIndochino;andVincentDjen,Co-FounderofFashionEx.
Source:FungGlobalRetail&Technology
Weinswigtouchedonthegrowingtrendofre-commerce—wherebyconsumerstradeapparelwitheachotheronlineratherthanpurchasingnewitems.Aninnovativemodelwithintheindustry,re-commerceisgrowingmuchfasterthantraditionalretail.
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June9,2017
DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
Amimoriintroducedhiscompany’ssportswearproducte-skin,whichisanext-genshirtenablingmotionandgesturetrackingexperienceapplicabletoarangeofusecases,fromVRgamestopersonalizedfitnessandhealthcare.Theshirtismadefrom80%polyesterand20%spandex,andiscompletelywashable.Theshirtfeaturesacentralizedcontroller,thee-skinHub,whichtransmitsinformationtoasmartphone,tablet,orlaptopviaBluetooth.Thee-skinHubisdetachableanditsbatterylifeisaroundfourhours.
SeenatCESAsia:Haomaiyi’sVirtualfittingroomAChinesestartupcalledHaomaiyi(好买衣)hasdevelopedandlaunchedavirtualfittingroomapplicationinChina.Thecompanywasfoundedin2013andhasalreadygrowntobecomealargeplatformthatsupportsmanyglobalapparelbrands,includingC&A,Pull&Bear,Bershka,MassimoDutti,PaulFrankandsomelocalbrandsincludingLily,PeacebirdandHStyle.HaomaiyialsoworkswithTmallasanonlinevirtualfittingroom,andofflineaswellbydevelopingavirtualfittingmirror,whichsupportsanonlinein-storeuserexperience.
Thisvirtualfittingroomapplicationallowscustomerstoscantheirfaceandmanuallyinputtheirphysicaldatalikeheightandweight.Thesystemwillmakepersonalconfigurationsandrecommendations(suchasstyle,size,etc.)basedonthedata,andthedatawillbestoredandreusedthenexttimethecustomershopsusingtheapplication.Theultimategoaloftheplatformistominimizethereturnsrateforproductsthatdonotfitproperly.
Source:FungGlobalRetail&Technology
Source:FungGlobalRetail&Technology
Source:FungGlobalRetail&Technology
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June9,2017
DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
JD’s12-YearAIStrategyJDannouncedits12-yearAIstrategywiththeslogan“SmartJD,SmartLife”atCESAsia.JDwilltransformitselffromane-commerceplatformtoaninternettechnologyenterprise.Thecompanyplanstofocusonthreecoreelements:userexperience,costandoverallefficiency.
JD’sstrategyfeaturesfivecoreelementsthataimtopositionthecompanyasChina’slargestinfrastructuresolutionsproviderintheretailindustry:
• Languageandimageprocessing:ThisincludesJD’ssmartCSandits“DingDong”serieshomeassistant
• Smartlogistics:Unmanneddeliveryvehicles,dronesandunmannedwarehouses
• Smartsupplychainandmarketing:Viapreciseforecastingandpricingmodels
• Financialtechnology:Riskmanagementandfinancialproducts
• Cloudcomputing
Thecompanycommentedon“trafficcustomization,”anewconceptproposedbyJD,whichunderliestheuserexperiencewhenitcomestointeractivewithdigitalservices.Asincreasinglymoretrafficisflowingtosmartphones,peoplerequiremoreaccurateresultswithlessper-pagecontent.Customizingthesearchresultswillultimatelyincreaseconversionrates,andwill,atthesametime,drivemoreaccuratetraffictoonlinesellers.JD’sbigdataanalyticsissupposedtoallowsellersanddistributorstotakeadvantageofamorerefinedconsumergroupinteractingwiththeirproductsonlinebyofferingspecialdiscountsandpromotions.
Intermsoflogistics,JDindeployingmultiplesophisticatedtools,including:
• Drones:DroneswillmostlybenefitlogisticalcapabilitiesintheruralareasofChina,wheregoodscannotbeeasilydeliveredviathenormaltransportationsystem.AsJDemploysmoreandmoredeliverymeninruralareas,droneswillbetheconnectingtoolbetweenthegoodsandthedeliverymen,ultimatelyincreasingthepenetrationintothismarket.
Source:FungGlobalRetail&Technology
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DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
• Unmanneddeliveryvehicles:OnceJDreachesthelimitofhumanresourceutilization—i.e.,reachingtheoptimalnumberofdeliverieseachemployeecanhandleonadailybasis—unmannedvehicleswillhelptofurtherboostdeliveryefficiency.JDhasalreadymadeinroadsinthisarea.Duringthisyear’s“June18ShoppingFestival,”itusedunmannedvehiclestodelivergoodsinsomecitiesinChina.
• Unmannedwarehouses:Inordertobetterusethescarcelandresources,andincreasewarehouseefficiencyanddecreasepackagingcosts,unmannedwarehousesaresettooptimizestoragevolumebyincreasingittenfoldandimprovingdistributionefficiencyby5‒6times.However,oneconcernistheelectricitycostthatwouldbeneededtopowerthesefacilities.JDhasalreadystartedtomoveinthisdirection;itrecentlybuiltadronecommandanddispatchcenterinSuqian,anditisplanningitsfirstunmannedwarehouseinWuhan.
JDAlphaAccordingtotheJDresearchcenter,JD’shardwaresalesinthepastsevenyearshasreachedacompoundedannualgrowthrate(CAGR)of155%,andbyendof2017,theIoTequipmentvolumeisestimatedtoreach8.4billionglobally,growthof31%yearoveryearcomparedwith2016.ThemarketsizeofIoTisforecasttoreach$11trillionby2025.JDisusingthisopportunitytodeployitssmartbusinessintomultipleproductsincludingPCs,smartphones,fridges,speakers,AR/VRequipment,etc.,andisinvestingmoreintoChina’ssmart-homeconsumerindustry.
Inordertoenhancethisstrategy,JDannounceditsintelligentserviceplatformJDAlpha,essentiallylaunchinganewbusinessmodelforthegroup.
JDalphaintegratesmultipleservicesandcontent—includingnews,shopping,movies,music,O2Oservice,foodordering,searchingengine,weather,FMradio,translationandotherthird-partyskills—withJD’sownbusinesses,includingJDSupermarket,JDFresh,JDDaojiaandJDPay,andalsoits
ownlogistics,tobuildanentireecosystemcombininggoodsdeliverytothesmarthome.Third-partybrandsarewelcometojointhisplatformtooffergoodstocustomerswhoareusingtheJDecosystem.
ThiscompletesourcoverageofCESAsia2017,ashowthatkeepsgrowinginsizeandclout.Wesawsomeinnovativeandinspiringnewtechnologiesatthisyear’sconference,whilealsohearingfromindustryexpertsandwitnessingthelaunchesofnewproductsandservicestargetingtheAsianconsumer.Untilnextyear!
Source:FungGlobalRetail&Technology
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June9,2017
DeborahWeinswig,ManagingDirector,FungGlobalRetail&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2017TheFungGroup.Allrightsreserved.
DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comSimonSuiMarketingOfficer
HongKong:8thFloor,LiFungTower888CheungShaWanRoad,KowloonHongKongTel:85223004406London:242-246MaryleboneRoadLondon,NW16JQUnitedKingdomTel:44(0)2076168988NewYork:1359Broadway,18thFloorNewYork,NY10018Tel:6468397017FungGlobalRetailTech.com
