Category: Electronics

Retail News Asia is committed to providing both local and global retailers with the latest Electronics news throughout the Asian market. This on a daily base.

  • Apple’s iBeacon on trial at Central World

    Apple’s iBeacon on trial at Central World

    Nattakit Tangpoonsinthana, executive vice president of marketing, said yesterday that while urbanisation has driven the retail industry in recent years with the growth of shopping malls in the provinces, the new retail landscape is being reshaped by the Millennials and Generation Z shoppers.

    Millennials are people aged about 21-30 and Gen Z are 15-20. Although these two groups represent only 10-20 per cent of shoppers, they are leading the voices in social media and influencing purchases and consumption.

    “Retailers must give importance to these new-generation shoppers, who will be the game-changers of the retail industry and general businesses within five years,” he said.

    To fulfil the needs of these shoppers, CPN, which is aiming to become a leader in the regional retail industry, is creating a seamless experience, focusing on customisation and becoming a social enterprise.

    iBeacon enables tenants to send tailored messages to shoppers who have loaded the CentralWorld app on their smartphones.

    CPN is also talking with a software company to mine Big Data from its The 1Card customer relationship management programme, which holds mountains of data on 8 million-9 million members.

    The Millenniums and Gen Z shoppers have already shaken up the fashion world, which has launched more frequent new collections and “limited editions”.

    To address the tastes of these groups who get bored fast, CPN will have to create more “wows” and “happenings”, launch concept stores and speed up store renovations from every eight to nine years in the past to every four to five years now.

    CPN has increased its digital marketing budget to 10 per cent of its Bt700 million marketing budget from just 3 per cent in the past.

    Marketing staff have to have digital literacy. Store managers must know not only on how to run their physical branches but also how to engage and converse with their shoppers online.

  • Samsung Galaxy S7 edge officially launched in Malaysia for RM3,099

    Samsung Galaxy S7 edge officially launched in Malaysia for RM3,099

    Korean famous variety show Running Man star, Lee Kwang Soo made a special appearance at the Galaxy S7 edge launch event yesterday to inform fellow Malaysian that he had found his lost phone and he came here to show his appreciation to the local fans. His appearance set the crowd off with double the thrill and excitement.

    The launch event held at KLCC was packed with hundreds of gadget enthusiasts and Galaxy fans as Samsung Malaysia Electronics officially launched its latest and highly anticipated device of the year, the Samsung Galaxy S7 edge.

    The Galaxy S7 edge introduces the first Dual Pixel camera on a smartphone, delivering brighter and sharper images. With a wider aperture F1.7 and bigger pixel, the camera has a faster shutter speed and a more accurate autofocus even in low-light conditions.

    Motion Panorama, a new camera mode, brings movement to traditional panoramic photos, giving the user a completely immersive visual experience.

    The 5.5-inch Quad HD Super AMOLED on Galaxy S7 edge is constructed with 3D glass and metal – all in a sleekdesign with durability and ergonomic curves for a comfortable grip.

    The enhanced edge screen allow users to access the Edge panel that brings favourite content and services with just a swipe of the thumb.

    The device’s new Always-On Display, gives users a simplified, zero touch experience where they do not need to worry about missing a call or important notification.

    Edge UX, the advanced edge experience available on Galaxy S7 edge, provides convenience and increased efficiency by creating easy shortcuts to users’ most loved functions such as email, selfie mode, panorama mode or third party applications.

    Galaxy S7 edge is equipped with IP68 capless dust and water resistance for up to 1.5m of water and up to 30 minutes.

    The Galaxy S7 edge has a bigger battery capacity (3,600mAh), an enhanced processor and the latest Android OS (Marshmallow) to ensure that the batteries are used to their full potential. Its big battery allow for a full day of high mobile usage, without users having to worry about re-charging.

    The Galaxy S7 edge is capable of slotting in a microSD card slot that can host up to 200GB of expandable storage.

    The improved microSD card slot also works as a hybrid SIM card tray. The days of annoying re-start of the phone just to swap between SIM cards are over thanks to this cleverly-designed hybrid tray.

    The new Game Launcher arranges all your games in one place automatically and the Game Tools allows users to manage battery consumption and minimize notifications. Paired with the Galaxy S7 edge, Vulkan API gives users the ability to play high-performance graphic games smoother, less lag and with lower battery consumption.

    Samsung also introduced its first ever Galaxy Butler Service – a personalized ownership service exclusive to the Galaxy S7 edge. Underlining the brand’s all-encompassing Galaxy experience, this unique service offers a 24/7 hotline, free pick-up and delivery service, priority express counters and 1-hour repairs service, remote management, smart switch and 7-points check-up – assuring a peace of mind to owners on their consumer journey. Users can now look forward to Samsung’s promise of a seamless and enjoyable ownership experience.

    The Galaxy S7 edge will be available in Malaysia starting March 18. Offered at the recommended retail price of RM3,099 (inclusive of 6% GST), the Galaxy s7 edge is available in three colour options – Black Onyx, Silver Titanium and Gold Platinum.

  • Wearable technology goes beyond watches

    Wearable technology goes beyond watches

    There is more to wearable technology than wrist devices, with more than 25 exhibitors out to prove this at a consumer technology expo coming up in Shanghai.

    They will be showcasing the latest in wearable innovation at CES Asia, which returns to Shanghai from May 11 to 13.

    Owned and produced by the Consumer Technology Association (CTA) and co-produced by Intex Shanghai, the event is being hosted at the Shanghai New International Expo Centre (SNIEC).

    CTA research expects wearable sales in the emerging Asia-Pacific region to increase by 56 per cent this year.

    “Wearables are one of the fastest-growing areas of technology. They not only count our steps, they also track our mood, sleeping habits and even our pets,” says CES senior vice-president Karen Chupka.

    “The possibilities in this product category are endless.”

    Key companies exhibiting wearables at CES Asia include Garmin, Monster and Ximmerse, plus there is a wearables pavilion organised by the China Electronic Chamber of Commerce.

    New this year will be a CTA-hosted session entitled Innovative Wearables, at the Kerry Hotel on May 12. The panel will discuss innovations coming to market, as well as user interface and design.

    So far, 250 companies representing 20 countries across 15 product categories have signed up to exhibit at CES Asia, including 360, BMW, Hisense and Huawei.

    Formerly the Consumer Electronics Association, CTA is the trade association representing the $287 billion US consumer technology industry. It covers more than 2200 companies, 80 per cent of which are small businesses and startups.

  • Huawei Japan experience store planned

    Huawei Japan experience store planned

    Huawei Japan is to open its first smartphone experience store in Tokyo – but customers will not be able to buy a handset there.

    The Chinese phone manufacturer says it intends to use the outlet to provide services to users, improve brand influence and break the misunderstanding that low-price smartphones are not easy to use.

    While the store is scheduled to open in Tokyo before June, the company has yet to confirm the location.

    Meanwhile, Huawei plans to increase the number of its global smartphone stores from 23,000 to 40,000 – a 70 per cent jump. It is hoping to improve its sales performance in the smartphone sector, where growth has already started to slow.

    Huawei was ranked third by global smartphone shipments last year, trailing Samsung and Apple, and is aiming for second place.

  • Apple Continues Expansion in China with New Store Opening on March 19

    Apple Continues Expansion in China with New Store Opening on March 19

    Tech giant Apple has confirmed that a new Apple Store will open in Dalian, China, on March 19, 2016. The new store is part of the company’s ongoing mission to launch at least 40 new Apple Stores in China by October 2016.

    The new Apple Store will be located on 66 Olympia Plaza, marking it as Apple’s second retail outlet in the port city after it opened its first store In Dalian earlier in October 2015. Dalian’s central location and inflow of tourists from Japan and Korea will help the company further secure its tech presence in China, which Apple predicts will be its most dedicated market in the future.

    Apple’s agenda of launching 40 new outlets seems to be working out well after it opened stores in Nanjing, Hong Kong, Chengdu, Qingdao, Guangzhou, Xiamen, Beijing, and the “Green City” — Nanning, as part of its expansion plan. The brand new store will further strengthen Apple’s roots in China and prove great advertising for the iPhone maker in the hub of one of China’s most popular cities.

    The Dalian Apple Store will open at 10:00 am local time. Speculation suggests that this could be the same store which the company claimed to be its “largest flagship” outlet almost three years ago. However, there is no confirmation if the upcoming store will still be Apple’s largest company store to date. Considering that the iPhone maker has been working aggressively to establish its presence around the world, with new stores in Turkey and Singapore, there is a slight possibility that these former plans have changed slightly.

    Plans for Apple’s new store are already arousing curiosity regarding its architectural layout. The tech giant’s consistency in the architectural design of its stores helps give it a distinctive edge against other tech rivals, both local and international. Led by Angela Ahrendts and Jony Ive, the company’s focus on the design elements of its outlets is a clever marketing strategy for luring in more customers. The upcoming store is expected to feature some of Apple’s traditional store elements like a Genius Bar, JointVentures, workshops, and other Apple-based services.

    With the new store in Dalian, Apple could provide customers with an experience better than any other. Even though an Apple Store exists in Dalian, a brand new outlet might help drive more sales for the company.

    Therefore, judging by its fluent progress in opening new retail outlets in various regions of China, Apple seems well on track to fulfill its prophecy, and may even end up opening more than 40 stores by October.

  • Galaxy S7 Sold 100000 Units In First 2 Days In South Korea

    Galaxy S7 Sold 100000 Units In First 2 Days In South Korea

    Last week it was reported that pre-orders for the Samsung Galaxy S7 and S7 Edge were lower than their predecessors over in South Korea. Samsung has since refuted those claims by saying that if anything, pre-orders were stronger than expected and if the latest numbers are accurate, it certainly looks to be that way.

    According to the report, they claim that the Galaxy S7 has managed to sell 100,000 units within its first two days of availability over in South Korea. Breaking it down further, it was suggested that 60,000 units were sold during the handsets’ first retail hours, and the other 40,000 were bought up over the course of the next day. Interestingly enough it seems that the Galaxy S7 appears to be more popular than the Galaxy S7 Edge, a very different story from last year.

    Note that the 100,000 units were just for the South Korean market, meaning that if we were to take into consideration the other markets that the handset was being sold it, we’re looking at a much, much higher number. The official figures from Samsung have yet to be released, but we wouldn’t be surprised if the Galaxy S7 and S7 Edge’s numbers were on par with last year’s figures, or if it even managed to outsell its predecessors.

  • Haier Philippines to open concept shop in Cebu

    Haier Philippines to open concept shop in Cebu

    Haier Philippines has announced plans to open its first concept shop in Cebu next quarter.

    Randy Esguerra, Haier executive director for the Visayas and Mindanao regions, said the concept shop will be the only one in the country to date.

    haier-products-a6e1f6345f-new-haier-picture

    “We would like to say that this is the growth driver for the Visayas and Mindanao region. This is where the biggest chunk of our sales are being achieved,” Esguerra told the local press.

    Cebu accounted for 60 per cent of national sales in 2015, and the company’s most popular brand in the province is Haier Sanyo, he said.

    Haier president & CEO Nobuhito Hayashi said 2016 will be another great year for Haier as the company aims for 40 per cent sales growth this year.

    “With new product releases and an even stronger company dynamic, we can only expect good things this year,” he said.

    In 2015 Euromonitor named Haier as the world’s No. 1 home appliance brand for the seventh year in a row.

  • China’s DJI Opens New Flagship Store in South Korea on March 12

    China’s DJI Opens New Flagship Store in South Korea on March 12

    DJI’s Inspire 1 drone can be fitted with the new Zenmuse XT thermal camera, making it see in the dark.(Photo : Sean Gallup/Getty Images)

    Chinese aerial vehicle manufacturer DJI is preparing to open a new flagship retail store in western Seoul, South Korea on March 12 at 10 a.m. local time.

    The new five-story store is DJI’s first overseas flagship retail store covering 870 square meter of space. It has various showroom areas for showcasing the company’s consumer products including the Phantom series of quadcopters, the Inspire series, and the Spreading Wings series, among others.

    IFA 2015 Consumer Electronics And Appliances Trade Fair

    The store has an area where visitors can view videos and visual contents taken by the drones, as well as a customer experience zone where professional DJI pilots can perform demonstrations of the company’s products.

    Additionally, the store in Seoul will also provide teaching programs and hands-on sessions with drone experts where people can learn how to safely operate drone technologies, according to a report by Yonhap News.

    Manager of DJI Korea Moon Tae-hyun said, “With more and more people consuming video content on their mobile devices and the growing community of photographers and content creators, DJI sees Korea as a market with strong potential,”

    “We want to provide a truly unique experience for anyone who walks into our new store. Whether you are a professional looking for the latest aerial-imaging equipment, or curious and looking for your first drone, you will get to experience our technology up close and in person.” Tae-hyun added.

    The latest product by DJI is the Phantom 4 drone which costs $1,675 in the South Korean market. In the U.S., the new drone comes with a price tag of $1,399, available via DJI’s official website and exclusively on Apple’s online store.

    DJI, the world’s leader in drone technology, opened its first flagship store back in its homeland in the city of Shenzhen. DJI was founded by Frank Wang in 2006. The company currently has divisions in China, Japan, North America and Europe.

  • South Korea’s industrial landscape shifts from manufacturing to service

    South Korea’s industrial landscape shifts from manufacturing to service

    South Korea’s industrial landscape has moved from manufacturing to service-driven businesses over the past decade as the shipbuilding and construction sectors have suffered from a prolonged global slump, data showed Monday.

    The top five sectors of the nation’s 100 largest companies by market value in 2015 were in the service, petrochemical, construction, IT and retail industries, according to the data compiled by market researcher CEO Score.

    In 2006, shipbuilding, engineering, construction, tech and petrochemicals were the five pillars of Asia’s fourth-largest economy, they showed.

    Domestic consumption-related industries grew at the fastest pace over the past 10 years as the global economic slowdown has weighed on the country’s key exporters such as shipbuilders and builders.

    The number of service companies doubled to 10 in 2015, and retail companies rose from four in 2006 to seven in 2015.

    In contrast, tech and shipbuilding companies each decreased from eight to seven over the period.

    LG Household & Healthcare Ltd., South Korea’s second-largest cosmetic company, was the top earner among all companies on the back of the growing popularity of its beauty products in China.

    The shift in South Korea, an export-oriented economy, was more drastic than other advanced nations.

    In the United States, medical companies held firm ground with 17 among the top 100 companies over a period of 10 years, while IT and auto companies remained as the key industries in Japan, the researcher said.

     

  • New 4K Version of Kodak PixPro SP360 Action Cam available in SE Asia

    New 4K Version of Kodak PixPro SP360 Action Cam available in SE Asia

    JK Imaging Europe Ltd., the worldwide licensee for KODAK PIXPRO Digital Devices, has unveiled the extraordinary, evolutionary new KODAK PIXPRO SP360-4K Camera, the world first and most complete 4K recording device to capture stunning 360° immersive videos and still images without the need for multiple cameras.

    With so much excitement over the KODAK PIXPRO SP360 Action Camera and with countless gleaming reviews and praises by tech and lifestyles editors, it is no surprise that the SP360 is on the forefront of leading technology helping YouTube content creators to share their world with 360-degree videos.

    Indeed the creator of the world’s first 360-degrees cameras was also recognized by Google for being one of only a handful of devices to support YouTube’s recently launched support for 360-degree videos. Using the Pixpro free PC and Mac desktop editing software for the SP360, video enthusiasts can now transcribe any video created with a press of a single button to the YouTube 360-degree format and upload content seamlessly to their YouTube Channel creating Virtual Reality movies. YouTube channel is abundant of 360-degree videos taken with the KODAK PIXPRO SP360.

    The SP360-4K Camera captures 360-degree field of view in multiple directions via its dome-shaped lens design and can be panned not only 360-degrees horizontally, but also up and down with a host of different vantage points and views for playback post-capture. It is easy-to-use and small enough to fit in the palm of a hand or pocket for extreme portability.

    ‘The KODAK PIXPRO SP360-4K revolutionises video recording and how you see and experience the World All Around You. This is the next step to Evolution for 360-degrees Cameras,’ said Mariame Cisse, marketing manager of JK Imaging Ltd. ‘You can now create the most pristine videos and photos in 4K and Direct and Act your own Virtual Reality movie,’ she continued.

    KODAK PIXPRO SP360-4K is a magical piece of lens that captures 360 degrees angle All AROUND YOU, YOU ARE PART OF THE ACTION. The KODAK PIXPRO SP360-4K no doubts BRINGS YOU CLOSER.

    Previously, 360° panoramic photography required users to possess advanced technique, specialized equipment and multiple cameras until JK Imaging released last year the SP360 Action Cam and changed the way we view the world, with this new SP360-4K designed for professionals it has Evolved into another dimension.

    Last year release of the first KODAK PIXPRO SP360 was received with great acclaimed by the press and especially by the sport/action people as it was designed for them in mind to answer the challenge of recording themselves and the action at the same time without the use of several devices.

    Engineered for unmatched portability and ease of use, the new KODAK PIXPRO 360-4K has been designed with the professionals in mind, and is full packed with technology that opens it to endless applications.

    Innovations to the Quad Mode makes it a true partner as a Security devices and the flat magic mode allows Estate agents’ customers to virtually visit a property. The KODAK PIXPRO SP360-4K comes with a video conference feature and LiveView which enables participants to see in real time the world around them and be part of it. The SP360-4K Brings You Closer. Distance is no longer a limit.

    The KODAK PIXPRO SP360- 4K has been designed and engineered to solve day to day challenges presented by professionals with the use of its split viewing 180-180 degrees as it can be used as a dashboard camera to record the subject and all around you.

    With its stylish and sleek black design, it is NFC and Wi-Fi enabled so it can be used everywhere and anywhere. It features 10 different viewing modes that bring images and content closer to the user’s fingertips, resulting in a very personal and professional experience.

    A custom-design LiveView allow users to participate in events on the other side of the planet and still keep the data extremely secure. With its motion detection feature users will never miss an action.

    Powered with BSI Image sensor, high quality and high speed ensures better videos, with 12MP BSICMOS sensor and advanced optics the device help capture rich, detailed images now in 4K (2880:2880), and added features including time-lapse video, burst mode as well as 4K photos.

    Like its predecessor, the KODAK PIXPRO SP360-4K comes with a wide range of attachments (over 12) from waterproof housing (up to 60m) to flat adhesive suction mount and remote control.

    JK Imaging Europe is very pleased to be at the forefront of this technology with a 360-degree camera that action lovers, professionals and content developers are asking for.

    Our new SP360 4K enables you to enrich your communication with your friend, family, and co-workers. It just “BRINGS YOU CLOSER.”

    The KODAK PIXPRO SP360-4K will be sold with varying accessory bundles depending on geographical region. It will be available in October this year in Europe.

  • Market for Pico Projectors in South Korea Projected to Grow at a CAGR

    Market for Pico Projectors in South Korea Projected to Grow at a CAGR

    The market for pico projectors in South Korea is projected to grow at a CAGR of over 24% during 2016 – 2021. LCoS (Liquid Crystal on Silicon) technology garnered the highest share in South Korea pico projectors market in 2015, due to better image quality, high resolution and efficiency, less power consumption, etc., as compared to other display technologies.

    South Korea pico projectors market witnessed rapid growth over the past few years on account of their growing acceptability and rising usage in various end user segments such as consumer electronics, defense & aerospace, automotive, etc. Rising demand for pico projector integrated devices, growing IT investments and increasing mobile workforce is projected to propel growth in the country’s pico projectors market in the coming years.

    Additionally, growing penetration of various compact and small projection display technologies along with increasing demand for handheld and portable devices is projected to drive growth in South Korea pico projectors market during 2016 – 2021.

    Due to these advantages, LCoS technology is being increasingly used in smartphones, tablets, televisions, head up displays, etc. In 2015, the country’s southern region was the largest market for pico projectors, on account of the region’s high per capita GDP and high level of industrialization. Few of the leading companies operating in South Korea pico projectors market include SK Telecom and LG Electronics, among others.

  • Xiaomi to open 300 retail stores to secure top spot

    Xiaomi to open 300 retail stores to secure top spot

    Xiaomi to open 300 retail stores to secure top spot

    Lei Jun, CEO of the Beijing-based Xiaomi Corp, at the launch of Mi 5 smarthphone. ZHANG JIN/CHINA DAILY

    Smartphone maker Xiaomi Corp on Wednesday debuted its flagship handset and pledged to open 300 retail stores to fight against Huawei Technologies Co Ltd, which is threatening its leading position in China.

    Lei Jun, CEO and co-founder of the Beijing-based Xiaomi, said the new device and offline sales plan will let the challengers know who is the boss on the market.

    “We are sorry other vendors were left disappointed,” Lei said on Wednesday at the launch. He was obviously mocking Huawei’s 2015 plan to get on top of Xiaomi in Chinese market by the year-end. Xiaomi ended up shipping 2 million devices more than Huawei did last year, according to research firm International Data Corp.

    “We are rolling out more top-tier products to secure the No 1 place,” said Lei.

    The company will relay on the new Mi 5 handset to achieve the target. The 5-inch-screen handset comes with a 16-megapixel back camera, a fingerprint sensor, a ceramic back, a powerful processor and a 128-gigabyte storage.

    The retail prices were set between 1,999 yuan ($306) to 2,699 yuan depending on the configurations. In comparison, Huawei’s slightly bigger flagship Mate 8 is selling from 3,199 yuan. The storage and processing power are similar to Mi 5’s cheapest option.

    The Mi 5 will be available on the Chinese mainland starting from March 1, followed by India, according to Xiaomi. However, the product will not enter the United States market although the 5-year-old Xiaomi launched an online store in the US selling power banks and mobile accessories.

    The delayed US release was largely due to lack of necessary patents. Lei said at Wednesday’s event the company is growing its patent pool and has applied about 3,600 patents over the past years.

    China, the world’s biggest smartphone market, will remain the top priority for Xiaomi in the coming years however. Lei said the company will open 200 to 300 retail stores in Chinese cities to boost sales.

    Nicole Peng, director of consultancy Canalys China, said going offline was a huge strategic change for Xiaomi as the company aims to grow sales as the market goes weak.

    Most of the Xiaomi devices were sold online currently. Internet-only sales model helped Xiaomi keep down its operational cost. The decision was made as demand for smartphones in the country stopped to grow because of high penetration rate.

    A number of vendors are also mulling over more stores in smaller cities for bigger sales.

    Apple Inc is heavily dependent on Chinese market and the company eyes to have around 40 bricks-and-mortar stores in the country. The new outlets mainly target buyers in smaller cities such as Qingdao in Shandong province.

    Tay Xiaohan, an analyst from IDC, said the market has changed significantly as telecom carriers are reducing smartphone subsidy.

    “Xiaomi entered the market at a time when the China smartphone market was still growing, and was able to capture a significant market share with its disruptive sales model,” Tay said.

    Company steps into financial services

    Xiaomi Corp has purchased a 65 percent stake in a third-party payment company, indicating that the biggest smartphone maker in China is preparing to step into the financial services sector.

    Xiaomi completed its stake purchase of Inner Mongolia-based Jiefu Ruitong in late January, according to a filing to the State Administration for Industry and Commerce. Jiefu Ruitong provides mobile and Internet payment services. The company said it handled more than $300 million in payment transactions as early as 2011.

    The performance of Jiefu Ruitong is unclear because it is a privately owned firm.

    During Mi 5’s launch, Xiaomi CEO Lei Jun said the new device would support mobile payment using near-field communication technology. The device could also work as a public transit card to pay bus and underground fares.

    Xiaomi to open 300 retail stores to secure top spot

  • Imax China to Install 100 New Screens in 2016, Bullish on Growth

    Imax China to Install 100 New Screens in 2016, Bullish on Growth

    Imax China, the Hong Kong Stock Exchange-listed subsidiary of the Canadian giant-screen exhibitor, reported a robust year of growth in the booming China market on Thursday.

    The company’s greater China box office reached $312.4 million, a 53.8 percent increase over net grosses in the territory in 2014. Reflecting the record box office and the company’s ongoing screen installations, total revenues surged 41.4 percent to $110.6 million, with adjusted profit growing 66.9 percent year-over-year to reach $43.4 million.

    The company said it will continue its expansion in the Chinese market with the installation of 100 new screens in 2016. Last year, Imax installed a record 74 giant screens, bringing its country-wide network total to 307 theaters.

    In 2015, Imax exhibited 31 films in China, a record eight of which were local-language Chinese titles. Imax reports that its per screen average in greater China was up 10 percent for the year to $1.34 million. The company indicated that it was pleased with the growing-per-screen average given that it has been aggressively expanding in the market at the same time.

    The biggest performing title for the company in 2015 was Furious 7, which earned a record $39 million in Imax box office. Local blockbuster Monster Hunt also set a domestic record, grossing $27 million in the format.

    Imax China, listed on the Hong Kong Stock Exchange on Oct. 8, 2015, received $57 million in net proceeds, resulting in a cash balance of $90.7 million as of Dec. 31, 2015.

  • Virtual reality in retail stores

    Virtual reality in retail stores

    Virtual Reality, as a concept, has been around for over 50 years.

    In the beginning, it was literally the stuff of science fiction.  Then in the early 90’s it actually became reality, when physical prototypes were developed, using the modern technology of the era.  The results were underwhelming – imagine pixelated graphics and heavy, nausea inducing headsets. The concept lay dormant for 20 years before anyone thought to revisit its feasibility.

    That person was Palmer Luckey, the young inventor and founder of Oculus VR. What he discovered is that without anyone realising it, technology had quietly caught up with the requirements of VR. There were now low-latency head orientation sensors and small, high-refresh rate OLED displays which didn’t exist just five years ago.

    Using these off the shelf parts, he constructed a rudimentary hardware proof-of-concept which delivered an immersive experience far beyond what had been seen before.

    From this initial prototype, Oculus was founded, bringing on board many high profile experts in the field of computer graphics, alongside millions of dollars in funding. Their inaugural consumer VR product is about to be released to the public, and many smart people consider this to be a watershed moment.

    Will this be the event that introduces practical VR to the masses?

    Oculus (now owned by Facebook) is leading the way, but Apple, Google, Microsoft and Sony are all working on their own implementations of VR. There’s a full-on VR technology arms race happening, with the usual suspects involved.  They recognise the huge potential of the medium, and the unique ways it can complement their existing product offerings.

    VR 2.0

    This new generation of VR technology is in its infancy, and as with any nascent platform, pundits try to predict the types of experiences it will enable. Stereotypically, new mediums are often projected (interpreted) through the lens of the incumbent platforms which precede it.

    The first automobile was considered a “horseless carriage”. The first motion picture content was essentially just televised theatre. Simply re-imagining the experience of an old medium through a new one may be the path of least of resistance, but it ignores the unique elements of the new.

    So the theory goes, in order to fulfill its true potential, a new medium needs to abandon previous biases and embrace the characteristics and constraints which are unique to it.

    But does this calculus apply to VR? Perhaps not. Unlike all previous mediums, it is has no baked-in constraints. It is not simply a proxy for storytelling or communication. Its ambition is to replicate the reality we natively experience. It is, by design, the last medium.

    The obvious question becomes, what are the scenarios for which diving into an alternate reality becomes preferable to the “real” reality someone is experiencing. As mature as the underlying technology becomes, VR, for the foreseeable future, will forever be chasing the tail of “real life”.

    So what is the individual incentive to temporarily replace what we already (if we’re so lucky) get for free? Understanding the motivations that drive these virtual experiences can uncover the opportunities and jobs to be done of the medium.

    Applications

    In the context of VR, the virtual “reality” is simply “content”. As with all previous mediums, the success of this one will be intrinsically tied to the abundance and quality of content created for it. In this respect, authors and the tools they use to create with will be just as important as the technology that audiences use to consume with.

    These creation tools are also nascent, and consist of both hardware and software solutions.  Let’s explore a potential use-case for this technology within the realm of current domains.

    Virtual reality in retail: eCommerce and virtual stores

    A common current trend in the eCommerce space is the realisation that an online presence alone is not enough to deliver the ideal consumer experience. Even Amazon, the largest pure-play online commerce company has recently opened a “bricks and mortar” physical presence near its headquarters in Seattle.

    What is the impetus for taking this step “backwards” into the 20th century? Well, these companies have discovered that even with an (essentially) limitless online catalogue, the experience of browsing their catalogues online doesn’t compare to the act of literally walking down the aisles of a physical store. It is no substitute for the physical discovery process we take for granted.

    This applies not only to the type of merchandise that Amazon became famous for, like books, but especially so for more visual products like clothing and fashion. There is no substitute for the tactile experience of wandering through a curated store.

    But providing a physical presence requires sacrificing one of the key advantages of online commerce; having an effectively infinite reach, with the ability to target any consumer, wherever they are, independent of their physical location. Reaching global penetration at this physical scale is beyond the reach of all but the largest retailers.

    Imagine consumers using VR to browse a virtual physical store, representing the catalogue (or a subset of) the online inventory. Even brands that have an existing physical retail footprint would benefit from the ability to amplify this bricks-and-mortar experience across markets they don’t have the scale or reach to address.

    Sizing has been an eternal struggle for online clothing retailers and consumers alike. How to know if the shirt you’re purchasing online will actually fit properly when it arrives?  Sizing charts are not standardised, and even if they were, there is no single reference body type to target a perfect fit.

    So how do you try before you buy? A virtual fitting room could come very close to replicating the experience of trying on clothes in a real physical fitting room. Imagine associating detailed physical dimensions of your body with your online shopping persona.

    Using this information, alongside similarly detailed sizing information for the individual clothing items could let you try on pieces of clothing in a virtual mirror. As you raise your arms or tilt your hips, you could see the fabric as it contours and hangs off your virtual body.

    Future opportunities

    This is just one creative application of VR hardware and virtual environments. The potential is almost limitless, and there isn’t a field or industry that won’t be touched in some way by this technology.

    While the incumbent hardware/software companies have all planted their stakes in the ground, there will be massive opportunities for all players in the ecosystem, especially content creators who understand how to create experiences on this new canvas.

    Once again, this illustrates the competitive advantage which exists for companies who can master the intersection of design and technology. Organisations who successfully combine these two disciplines will be in a unique position to benefit from the enormous future demand for virtual experiences.

    written by Marc Lamothe, Technical Director at Start Hong Kong

  • SmarTone opens online store for smartphones, accessories

    SmarTone opens online store for smartphones, accessories

    SmarTone has launched a new online store for customers looking to buy smartphones and accessories.

    The store at shop.smartone.com will provide customers with a range of online exclusive offers, including a 12-month screen replacement warranty for smartphones and HK$50 off on accessories for every HK$1,000 smartphone purchase.

    Customers will be able to use the shop to choose their own numbers for prepaid SIMs from a pool of sought after numbers.

    The store will also offer free delivery to commercial addresses in Hong Kong for every order over HK$300.

    As a promotional offer, the company is providing winning customers with up to a HK$1,000 rebate on their orders, for a total pool of store credit worth HK$100,000. The promotion ends on Tuesday.

    SmarTone interim CEO Stephen Chau said the new store is aimed at adapting to the changing demands of Hong Kong consumers.

    “SmarTone has always focused on delivering an outstanding experience to our customers. In recent years, we have observed the trend of Hong Kong consumers shopping online,” he said.

    “To better serve customer needs, our new online store focuses on bringing products from quality brands internationally to customers, and they also enjoy our renowned customer care such as gift wrapping service and 24/7 Web Chat. Leveraging on our omni-channel capability, we aim to provide customers with an enjoyable shopping experience.”