China’s artificial intelligence (AI) speech recognition champion iFlyTek is going against the grain with a bet that bricks-and-mortar sales will remain a major retail sales channel in future.
The Hefei-based company expects offline stores to steadily rise and contribute around 70 per cent of its total sales in future, from an even split between online and offline last year, according to iFlyTek vice-president Li Chuangang. He did not specify an exact date for the forecast.