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At the beginning of this month, the China Securities Regulatory Commission decided to fast-track approvals for IPO applications of valuable startups in four areas (biotechnology, cloud computing, artificial intelligence and advance manufacturing).

At the event, Beijing-based YI Tunnel pitched its technology, which uses artificial intelligence solutions to transform offline retail. The company outfits shops with AI-driven vending and check-out machines, and uses big data as well as facial and merchandise recognition to improve efficiency in bricks-and-mortar stores.

At the age of 18, you can't just surrender to any obstacle that is on your way, there is unlimited possibility ahead of you, said Zhang Yishan. [Photo provided to China Daily]

At the moment, the company's products are sold in such areas as Northwest China's Gansu and Qinghai provinces and Xinjiang Uygur autonomous region, and Southwest China's Tibet autonomous region.

At the same time, the program is set to help carmakers' bottom line by boosting demand for pricey new models.