Tencent Launched China’s Cashierless Store in Shanghai
Chinese Internet giant Tencent has opened its first cashier-less pop-up store in Shanghai in a move to tap into the country's promising unmanned retail industry.
At the 300-square meter shop named We Life, shoppers can use WeChat Pay, the proprietary e-wallet of messenger app WeChat, to buy items without paying cash, swiping a card, or interacting with a single human being, according to state-run China Daily.
Customers can use a phone to scan a quick response code at the gate, which enables user identification and automatic payment.
All products are equipped with radio-frequency identification tags that use magnetic chips to store information such as price and inventory.
The store will be open until February 4 and showcases Tencent's payment capabilities in the realm of physica...