An awarding ceremony for the “20 High-tech & High-Growth Enterprises and Rising Stars of Chaoyang District in 2021” hosted by Deloitte China and the Administrative Commission of Zhongguancun Chaoyang Science Park took place at the Zhongguancun Electronics City International Electron Headquarters on March 11, 2022. SandStar was named one of the “20 High-tech & High-Growth Enterprises and Rising Stars of Chaoyang District in 2021” in recognition of its innovation capabilities and the promising future of the industry.
This program was designed to discover and honor high-performance enterprises in Chaoyang District that are rapidly growing and continuously innovating through a fair and rigorous selection process. The Deloitte Technology Fast program is a global program for choosing the fast-growth companies. Launched in 1995 in Silicon Valley, this program has been seen as a global benchmark for fast-growth companies by mainstream international media over the past 27 years. Being named one of the “20 High-tech & High-Growth Enterprises and Rising Stars of Chaoyang District in 2021” indicates that SandStar has again been recognized by the Chaoyang District Government and Deloitte China for its “AI+Retail” innovations.
As a forerunner of “AI+Retail”, SandStar is committed to helping businesses increase efficiency through smart retail products and solutions, and providing new models and new practices for physical retailers with new technologies, new products, and new solutions.
SandStar digitally increases the efficiency of traditional retail networks, so as to reduce costs and improve profitability for them through “eyes + brains”, which are “computer vision + big data analytics”. Its products include smart vending machines, smart store analytics solutions, and pure vision unmanned stores. Thanks to the advanced nature of its technologies and the feasibility of its solutions, the smart retail products of SandStar have been deployed in 15 countries and regions, serving many Fortune 500 companies such as The Coca-Cola Company, PepsiCo, and Unilever. They are highly recognized by many global customers for their commercial maturity.
Especially, as pandemic control has become business-as-usual, consumers, retailers, and governments have become increasingly interested in contactless shopping, and their demand for that has also been constantly growing. SandStar’s smart vending machines and unmanned stores are well-received both in China and abroad. The take-and-go shopping style provides a convenient, efficient and safe shopping experience for consumers. At the same time, SandStar’s smart retail products are intelligent and digital, so they can effectively empower merchants for various functions such as stocking, restocking, and displaying, to help them reduce costs and improve profitability. They have become powerful digital and intelligent weapons for retailers to withstand the impact of the pandemic. To some extent, they have also contributed to the global pandemic control efforts in this market segment through the power of technology.
In recent years, SandStar has received attention and recognition from Beijing’s Chaoyang District for its development. SandStar has also received great support and recognition from the Administrative Commission of Zhongguancun Chaoyang Science Park every step of the way from joining Chaoyang District’s Fengming Program to become one of the “ZHUAN-JING-TE-XIN” SMEs to being recognized as a leader in technology entrepreneurship under the Phoenix Program for high-level professionals and again to being named one of the “20 High-tech & High-Growth Enterprises and Rising Stars of Chaoyang District in 2021” most recently.
Despite this great honor, SandStar won’t stop. Guided by government policies and supported by resources from various sources, the company will continue to delve deeper into smart retail, to unleash its technological advantages, and to drive AI innovation as well as the application of AI in the global retail industry. SandStar will stay true to its mission of “using technology to improve the life for everyone”, to make the retail industry happier and more tech-savvy through cutting-edge technologies.