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In 1994, China introduced the first beverage vending machine, and the industry has been in a tepid state since then. Today, when the concept of unmanned retail is popular, the long-dormant vending machine is beginning to usher in a good time. So, what kind of business is a vending machine? The vending machine is the originator of unmanned retail, which appeared in the 1970s. It first emerged in Japan, and the rise in rent and labor has promoted the rapid development of the industry. At present, there are as many as 5 million vending machines in Japan, with an average of one for every 24 people. At present, China is at a stage similar to that of Japan. However, China, with a population of 1.4 billion, only had about 200,000 vending machines in operation by the end of 2016. Compared with developed countries, China has a huge market space. Perhaps in response to the call for 'new retail', the shop has been particularly aggressive in the past two years, because the data in 2014 was less than 100,000 units nationwide.
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