Though Covid-19 is affecting all trades, the vending industry still managed to find opportunities amid crisis. Here are partial hot news in China’s vending industry this April presented to you by the organizer of China VMF expo.
Data from Vending365 show that by the end of 2019, there were about 490-515 thousand vending machines in operation in China. East China had the highest market penetration rate where roughly 40-43% vending machines were located, followed by North China which was home to around 26-28% vending machines.
April 17th, Suzhou City unveiled its Night-time Economy Development Plan (2020-2022), pushing forward 24-hour services like micro markets, unmanned gyms, self-service book stores, paid study rooms, and etc.
Shanghai Online New Economy Development Plan (2020-2022) released on April 13th encourages contact-free delivery and new retail, such as smart takeout/package pickup lockers and vending machines in business parks, residential areas, school campus, and etc, and the adoption of delivery drones, self-driving delivery vehicles, micro markets, and so on.
To better meet citizens’ after-hours medicine needs, recently the Chongqing’s Medical Product Administration Bureau moved on to draft Chongqing Drug Vending Machines Regulations, and is currently collecting suggestions from the public.
April 20th, Dahuang’e, an up-and-rising vending machine system provider, completed its series A financing by receiving tens of millions of yuan funding from Z&H Investment. Currently, Dahuang’e systems have been installed in over 20,000 vending machines, spreading across 300 cities in China.
YO!POINT has recently confirmed its attendance at the 8th Guangzhou Int’l Vending Machines & Self-service Facilities Fair (China VMF 2020) to showcase its cutting-edge smart vending fridges powered by leading technologies like visual motion detection, gravity sensor, senseless payment, and etc. to offer consumers with faster and easier shopping experience.
If you want to know more about China’s vending market and industry, please don’t hesitate to join China VMF 2020!
The 8th Guangzhou Int’l Vending Machines & Self-service Facilities Fair (China VMF 2020)
Date: August 3rd-5th, 2020
Venue: China Import & Export Fair Complex