Last week, while not too eventful in terms of the number of VC deals in China, saw at least three interesting investments.
China's cloud artificial intelligence-training platform Enflame Technology, backed by Tencent, raised RMB 700 million ($98.6 million) in Series B funding.
Last week saw one of the most prominent Chinese TMT investors Qiming Venture Partners raise their seventh USD fund, a notable milestone for a fund partly responsible for the success of companies like Xiaomi and Meituan Dianping.
The past week saw exciting news surface regarding several players in China’s AI and automation space, with one of the most prominent AI unicorns 4Padadigm raising two hefty rounds and adding another $1 billion to its valuation.
AI, Big Data, Telematics and Logistics services caught investors’ attention and raised significant funds, hinting at a bright future for such services in the digitizing world.
According to Reuters, the Trump administration took steps to restrict exports of artificial intelligence software in order to protect sensitive technologies from competitors such as China.
The Alibaba DAMO Academy, a research and development institute run by Alibaba Group, published its forecast of the trends that would define the global tech industry in 2020.
According to China Star Market, sources say Chinese custom bitmining chipmaker Bitmain ordered job cuts at the end of 2019 to stem losses. The cuts focused on its AI business.
Facial recognition checks are now part of the standard procedure when registering for mobile phone services in China.
Xiaomi released positive financial results for the third quarter of 2019.
The prominent American startup accelerator Y Combinator has abruptly folded its plans to open a Chinese subbranch YC China.
Artificial intelligence software company Megvii, also commonly known as Face++, expects their plans for an IPO in Hong Kong to be approved this week
Chinese tech giant Huawei is willing to license its 5G technology to a western company, hopefully a U.S. company, said Huawei CEO Ren Zhengfei at a panel on September 26.
Alibaba Group and the United Nations World Food Programme (WFP) announced in Hangzhou on September 26 the launch of “Hunger Map LIVE,” a global hunger monitoring system.
After a three-day viral swarm across the global internet, Chinese deepfake app ZAO is now facing severe backlashes from the public due to privacy concerns.