Recently, Hunan Agricultural Products Distribution Alliance Fund announced its strategic investment in Aibee, a leading artificial intelligence company. With the leading position in the digital and intelligent market of offline space, Aibee has already cooperated with several projects under CR Group, and will further expand to lead the new track for digital and intelligent offline space together.
Founded in November 2017, Aibee (Aibee Intelligence) is a leading company focusing on the digitalization and intelligence of offline spaces, which is committed to empowering and upgrading vertical industries and forging cutting-edge AI technologies. Aibee is the first to advocate the concept of [OOO] (Offline Online One-world) in China and devotes itself to offline and online connection.
Business Panorama of Aibee
At present, 15 of the domestic T0P 30 commercial real estate brands have cooperated with Aibee; Aibee has become No. 1 in the digital intelligence market of commercial real estate; it has reached numerous smart parking cooperation in 11 cities, including Beijing, Shanghai, Guangzhou and Shenzhen, Wuhan, Tianjin and Chongqing, etc., and cooperated with Baidu Apollo to create an AVP prototype of autonomous valet parking. In addition, Aibee has conducted business in an all-round way in automobile 4S stores, bank outlets, and brand chain stores (jewelry/beauty/clothes & accessories), helping more than 20 retail chain brands and hundreds of stores stride into the era of digital operation. In terms of finance, Aibee has implemented in depth the smart outlet solution with a number of head banks. With respect to transportation and tourism, Aibee has started deep cooperation with large head airports and airline companies such as Beijing Capital International Airport, Beijing Daxing International Airport, Shanghai Hongqiao International Airport, and China Southern Airlines. 600 of about 1400 4A/5A scenic spots in China have launched the smart park entry system, of which over 300 scenic spots have built up cooperation with Aibee. Moreover, Aibee has also cooperated with China Railway Design Corporation to exploit a new scenario of high-speed railway. Since its establishment, Aibee has raised over $200 million in cumulative financing.
Figure: Aibee's self-developed indoor 3D live map robot
Dr. Lin Yuanqing, Founder and CEO of Aibee, said that CR Group, with its rich industrial resources, had been a very important in-depth partner of Aibee, and this round of investment was also a good foundation for the next cooperation between the two sides. Aibee will accelerate more extensive and in-depth industry implementation, create values for shareholders and customers, and lead the new track of offline space digitalization and intelligence.
As one of the investors of this round, Wang Xin, General Manager of Hunan Agricultural Products Distribution Alliance Fund, said that Aibee was an excellent and scarce head company that we had discovered in the field of consumer technology. As a Fund formed by the cooperation between central and local governments, Hunan Agricultural Products Distribution Alliance Fund, which was jointly established by CR Group and Hunan Chasing Financial Holdings, the financial holding platform of Hunan Province, studied carefully and researched thoroughly the "Three-Year Action Plan for the Development of Artificial Intelligence Industry in Hunan Province (2019-2021)" released by Hunan Province. Focusing on the national major strategy and the needs of Changsha's economic development, and together with Hunan Chasing Industry Fund, Hunan Agricultural Products Distribution Alliance Fund hopes to promote the integration of artificial intelligence and real economy through the strategic investment in Aibee. Making use of Aibee's professional technology and practical cases in the field of artificial intelligence, our Fund will accelerate the development of improving the artificial intelligence industry in Hunan Province, boost the establishment of innovation and development pilot zone of a new generation of artificial intelligence in Changsha City, cultivate and expand intelligent industrial clusters, use technology to empower experience upgrading in the consumer field, and promote the continuous improvement of industry efficiency.
The ecosystem of China's consumer industry is moving from single-node efficiency and cost improvement to a full-chain digital reinvention model. As the online dividend disappears and the demand for data-based offline consumption chain increases, the consumer-oriented business philosophy has stimulated enterprises to enhance the digital capability of offline scenes, reduce costs and increase efficiency through technological means, and improve consumers' experience. Aibee is a technology company focusing on the digitization and intelligence of offline spaces and scenes in the pan-retail sector, and a leading consumer technology company in the pan-retail sector with great quality of data output. Aibee's management has both the technical and commercialization skills to drive the explosive growth of the company's performance. In the future, Hunan Agricultural Products Distribution Alliance Fund will also help Aibee to promote the digitalization process, move towards intelligent operation, and work together for the target of "Offline Online One-world" in the industry of consumer products.
Hunan Agricultural Products Distribution Alliance Fund is an industrial fund jointly established by CR Group and Hunan Province. The sponsors are CR Capital, CR Enterprise and Hunan Chasing Financial Holdings, a financial holding platform in Hunan Province. The Fund is focusing on consumer goods, supply chain and logistics, and paying continuous attention to leading enterprises in subdivided fields which have synergistic effect with CR consumer industry. With strategic investment as the bond and industrial synergy as the impetus, the Fund helps the invested enterprises achieve leapfrog development. Since its establishment, the Fund has been actively making overall arrangements in leading enterprises in the supply chain, logistics and other segments.
