Recently, Walmart's Technology Incubator store No. 8 announced a competition to seek VR solutions among US developers. The competition aims to find “the idea of ​​having the potential to change our shopping and lifestyleâ€, providing self-help for the winners, and opportunities to work with Wal-Mart or Jet.com.
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Wal-Mart wants to position itself at the forefront of VR shopping. Consumers are already interested in the potential of VR retail, and many people want to use VR to reduce the number of outbound purchases and the marketing troubles.
At present, many top 500 retailers in North America use VR technology, but their levels are uneven and far from satisfactory. Wal-Mart hopes to change the status quo and turn VR into a retailer.
Retailers have adopted VR technology for training, and this game is expected to form a new cooperative relationship, improve in the new space, and increase consumer interest in VR.
Investing in VR can help Wal-Mart's long-term competition with Amazon. The company has invested in a number of e-commerce franchises to improve machine learning and launched store number 8 in March this year. These efforts of Wal-Mart are all aimed at enhancing the market competitiveness of the Asia-Pacific region while enhancing its e-commerce and technological capabilities.
High-quality VR can help Wal-Mart more smoothly become an e-commerce giant, providing new technologies for the retail industry. VR technology is expected to change the online and physical store shopping experience.
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