Representing China's AI Innovators YI Tunnel Contests at the Final Event of Pitch@Palace Global 3.0

BEIJING, December 20, 2018 (Newswire.com) - The final event of Pitch@Palace Global 3.0 recently took place at St. James’s Palace in London. Contestants representing the 23 winning entrepreneurial projects from 15 countries in 5 continents pitched their projects to the global business leaders, experts/scholars, and investment organizations.

YI Tunnel, Pony.ai, and Eve·China Craftsmanship were able to stand out from 23000+ projects and become winners in China. They formed Team China for the final event of Pitch@Palace Global 3.0, to demonstrate China’s innovation power in the contest. 

In today’s world, a new round of technological revolution and industrial revolution is about to happen. The final event of the contest shows that the Chinese Government is taking its all-out “Entrepreneurship and Innovation” initiative to a new level, giving birth to a cohort of entrepreneurial innovators. 

Data shows that China has far more applicants for Pitch@Palace Global than any other country does. Stimulated by the policy for the “Entrepreneurship and Innovation” initiative, innovative technologies from China are gradually becoming an important force driving technology development across the world. YI Tunnel, one of the top 3 winners of Pitch@Palace China, is a great AI startup representing China’s emerging innovators. It is becoming a rising AI star in China. 

YI Tunnel is context-focused. It is the first to empower retail with AI. Globally, YI Tunnel has developed a matrix of AI products for different retail scenarios. These products can recognize and analyze “offline retail transactional behaviors” and digitize them through the deep integration of AI vision and AI big data to form complete AI solutions for retail encompassing retail infrastructure and software support. With this, the company is able to help customers improve their business model and generate profit on an ongoing basis.

“AI can play an extremely big role in empowering the entire retail industry,” commented YI Tunnel founder and CEO Yili Wu. “We can use multiple technologies including computer vision as well as intelligent planning and decision making to increase efficiency and profitability in various parts along the retail industry’s value chain. At the same time, we’re excited to see that China is already far ahead of overseas markets when it comes to AI innovation, we have also really set foot abroad, and innovative technologies from China are gradually becoming an important force driving technology development across the world.”

The great pitch by YI Tunnel at the final event of Pitch@Palace Global 3.0 caught the attention of the global business leaders, experts/scholars, and investment organizations who were present at the event. During its trip in London for just a few days, YI Tunnel already found multiple potential customers who expressed the intention to collaborate with the company and held in-depth talks with them. 

Wu said that obviously the demand in the overseas markets is very strong, which has been approved by the publicly available data and the growing number of customers intending to collaborate with the company. Imagine what can be expected from the European market for YI Tunnel with the fermentation of resources connecting with us, he added. 

Today, the AI retail solutions of YI Tunnel have covered dozens of cities in over 7 countries and regions around the world. Overseas partners and customers said great things about the mature solutions of YI Tunnel: “It’s great.” “It’s perfect.” “YI Tunnel is awesome.” This shows that overseas partners and customers are very optimistic about the promising future of YI Tunnel in the overseas markets. It’s also a thumbs-up from them for the ability of China’s AI startup to set foot abroad and bring exciting changes to them. 

Pitch@Palace provided an opportunity for China’s great AI companies represented by YI Tunnel to stand out and take the global stage. With this, they will get access to various international resources including talent, technology, funding, and customer to fuel their growth. In the future, YI Tunnel will pursue mutually beneficial and win-win collaboration with global partners and add more to the “Golden Time” of China’s relations with other countries. 

Source: YI Tunnel