Youbao is committed to becoming the world's trusted smart retail terminal professional platform service provider, and is an important strategic partner for Alibaba's economy. Since its establishment in 2011, Youbao has adhered to the Internet business philosophy and actively promoted intelligent retail through models such as cloud platform management and offline smart operation. Up to now, it has been deployed in more than 300 cities at home and abroad, and has operated more than 100,000 smart retail terminals. Youbao owns smart retail products, including Youbao smart containers, Youbao smart vending machines, Youka, Yousong KTV, etc., and also provides customers with professional services such as operation, advertising, and marketing. Youbao firmly believes that the end of every consumer behavior means a new beginning of consumer behavior. Therefore, Youbao will accelerate exploration of the vast market, innovate the smart retail industry, and use an open platform to seamlessly connect all industrial chains, and build a future-oriented smart retail ecosystem.