Best Inc. CEO Chou on Automation, AI and M&A Plans

The video discusses the strategic importance of automation in reducing costs and improving efficiency across various business operations. It highlights a significant reduction in transportation costs due to automated routing and planning. The company plans to allocate 3-4% of its growing revenue to further automation investments, potentially increasing this percentage if efficiency gains continue. Future plans include investing in technology companies, particularly those in AI and robotics, and exploring acquisition opportunities. The company is also planning to expand its distribution networks in the US, Europe, and Southeast Asia.

What types of technology companies is the business considering for investment?

What are the company's plans for expansion in the US and Southeast Asia?