Youbao is committed to becoming the world's trusted smart retail terminal professional platform service provider, and is an important strategic partner of Alibaba's economy. Since its establishment in 2011, Youbao has been actively promoting retail intelligence through models such as cloud platform management and offline smart operation, adhering to the Internet business philosophy. Up to now, it has been deployed in more than 300 cities at home and abroad, and has operated more than 0.1 million smart retail terminals. Youbao has smart retail products, including Youbao smart containers, Youbao smart vending machines, Youka, Yousing 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 the exploration of a broad market, innovate the smart retail industry, and use an open platform to seamlessly connect all industrial chains, and build a smart retail ecosystem for the future.