Drink prices are updated every 10 minutes and are influenced by demand, and may become more expensive or cheaper
A Chinese kiosk created a model that mixes the concept of a stock market with the sale of beer. The “beer stock exchange” works like this: more than 30 beer options are available to customers and their prices are indicated on a rotating panel. Every 10 minutes, prices are updated according to demand. If a beer is selling more, it becomes more expensive. If there is little demand, the price drops.
There is a daily fluctuation limit of 10% for both price increases and drops. Rising prices are in red, and falling prices are in blue. At the start of each day, prices are reset to a base price.
Watch the report (1min28s):
At a kiosk located on the Xinjiekou pedestrian street in Nanjing, some employees are available to customers, but purchases can be made without any help. Simply choose the beer, scan the tap’s QR code with the number of the chosen beer, make payment via WeChat or AliPay, grab one of the glasses available and enjoy your drink.
This type of establishment opened in China in Qingdao, Shandong province, in June last year. Qingdao is considered the “beer capital of China” and is home to the headquarters of China’s most famous brewery, Tsingtao.
