Missfresh Deploys Smart Vending Machines To Boost Contactless Shopping

Grocery e-commerce platform Missfresh Ltd MF has partnered with more than 5,000 businesses in Beijing to deploy Missfresh Convenience Go Smart Vending Machines on their premises.
The move is a part of the company’s efforts to drive the digitalization and modernization of the neighborhood retail industry.
The Convenience Go Smart Vending Machines receive multiple replenishments in one day and provide convenient and easy access to food and drinks around the clock.
Customers need to scan a QR code or use facial recognition to open the door of the vending machines.
The AI-powered technology can accurately identify the products purchased by customers through both static and dynamic recognition algorithms and provide accurate inventory and restocking recommendations.
Price Action: MF shares traded lower by 1.35% at $4.39 on the last check Monday.