KANKAN AI and CP ALL Deploying KanKan AI Technologies at 7-Eleven Stores in Thailand
KANKAN AI, a global technology company focused on artificial intelligence, and CP ALL Public Company Limited (CPALL.BK) today announced that they are partnering to deploy Remark’s KanKan data intelligence and AI technologies in approximately 11,000 7-Eleven stores that CP ALL operates throughout Thailand. Remark and CP ALL will hold a press conference (the details of which appear below) on March 6, 2018, in Bangkok to launch the partnership.
The KANKAN AI/CP ALL partnership will utilize KanKan’s AI-based facial recognition and behavior analysis technologies to provide enhanced customer support, business analysis, employee management and security in CP ALL’s 7-Eleven stores in Thailand, which generate more than $14 billion in revenue. KanKan’s technologies can monitor product levels on store shelves, suggest products and services to customers, provide real-time operations performance and competitor analysis, check in and check out employees, identify unauthorized personnel, and assess crowd size and crowd flow for safety, among myriad other services. Approximately 10 million people pass through 7-Eleven stores in Thailand each day.
CP ALL is a unit of Thailand’s Charoen Pokphand Group (CP Group), one of the world’s largest conglomerates (described below). Last December, CP Group invested in Remarkto deploy KanKan data and AI technologies across CP Group’s extensive businesses and investments.
“The KanKan implementation at 7-Eleven marks our first major collaboration with Remark,” said CP Group Chairman Soopakij Chearavanont. “The 7-Eleven team evaluated many AI technologies and selected KanKan because it has the most robust platform for meeting business objectives, namely, driving revenues, reducing costs and rapidly improving profit margins. After the successful launch at 7-Eleven, I plan to introduce KanKan AI technologies to Ping-An Insurance Group, where they can add tremendous value to Ping-An’s massive business scale.” Ping-An Insurance Group is one of the world’s largest and most valuable insurers, and it is also one of the world’s biggest investment and asset management companies, with total assets of approximately $848.5 billion as of 2016.
KANKAN AI’ CEO and Chairman, Kai-Shing Tao said, “The 7-Eleven partnership is an incredible opportunity to implement our KanKan technologies on a massive scale. We are extremely honored that CP Group selected KANKAN AI as its AI technology partner, and we look forward to collaborating with CP Group in relation to Ping-An and their other businesses in the future. We look forward to discussing the financial impact of this deal during our next earnings call at the end of March.”