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Shoptalk 2019: Startup Pitch Competition

To kick off this year’s Shoptalk conference, Coresight Research Founder and CEO, Deborah Weinswig, emceed Shoptalk’s Startup Pitch competition featuring 15 early-stage technology companies. Two winners won $25,000 prizes: One chosen by the judges, one through audience voting.

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New Retail Briefing #3: Walmart China Eyes Retail Innovation; A.S. Watson and Unilever Agree to New Retail Partnerships

Walmart China launched the Omega8 initiative in January 2019 to serve as a proof of concept (POC) platform that lets tech startups test newly designed technology applications in a real retail environment. Walmart reported over 50 startups signed up for the initiative. Walmart will train these companies in a variety of retail operation skills. Walmart said its existing 400 offline stores in China will act as testing grounds for startup technology before rolling out to mass market.

This Omega8 initiative shows Walmart’s ambition of leveraging tech startups for its own digital innovation, and understanding of the Chinese market. Ben Hassing, Senior Vice President of Walmart China said, “Walmart has worked with many technology startups not only to propel our business in China, but also to understand the Chinese market and China in greater depth.”

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