Part 4 83 VPET SERVICES Retail Lab and Retail Place, IVE (Haking Wong) 4.67 The Retail Lab is a simulated retail store established with the coordinated efforts of the Government, the retail industry, and VTC. Installed with the most advanced retail equipment and teaching facilities including AR/VR, Livestreaming set up, facial detection system, RFID, POS system and store security system, the Lab supports various training on teaching and learning in different retail scenarios. 4.68 The Retail Place is an on-campus simulated retail store equipped with a range of facilities to support students in running their own store. Through real-life operations, students can experience the process of retail and merchandising, including sourcing, purchasing, costing, marketing, managing store operations, visual merchandising, selling, payment handling and auditing. Centre of Business Innovation, IVE (Sha Tin and Tuen Mun) 4.69 The Centre of Business Innovation provides visitors with updated knowledge of business technology and innovation. The Centre is well- equipped with artificial intelligence equipment, such as a Smart Retail Management System including people counting & heat map, and audio- visual system, providing students with digital customer experience and inspiring their vision on business innovation. It functions as a multi-purpose room for seminars, workshops, meetings, training as well as a showroom for marketing and promotion. The Centre also serves as a platform for exchange and a networking venue for business practitioners and school stakeholders. BOCHK Financial Services Learning Centre, IVE (Sha Tin) 4.70 The BOCHK Financial Services Learning Centre simulates a banking environment with designated areas for personal financial management, counter services and online banking services for students to learn and practise banking related knowledge and procedures. The Centre also serves as an in-service training centre for the banking and finance industry. It provides practitioners with an industry-standard teaching infrastructure for effective delivery of professional programmes. Regular programmes and pre-industrial attachment training programmes are conducted here.