Aeon teams with Alibaba backed startup

Japanese retailer, Aeon, is set to work with Chinese startup, DeepBlue Technology, which counts Alibaba Group as an investor.

The venture has developed a smart store system called Take and Go, tapping the likes of fusion sensors, machine learning algorithms and biometric security technology. Aeon will invest $1 million, taking a 65% stake. It is planning to use DeepBlue's tech to develop its own unstaffed small-format stores as well as smart shopping malls.