According to the China Smart Retail Market Tracking Report, starting in 2025, the widespread adoption of AI technology will significantly fuel the growth of the smart retail sector. This technological surge is set to drive enhancements in quality and efficiency across various stages of the retail process. By 2030, the market size is projected to soar to approximately 64.5 billion yuan, boasting a compound annual growth rate (CAGR) of 22%. In the first half of 2025 alone, the smart retail market had already ballooned to 10.7 billion yuan, with a notable concentration of market share among leading platforms. Notably, Tencent emerged as the frontrunner, capturing a 25.3% share of the market.
