Not long after Chinese bike-sharing start-up Ofo withered away, its longtime rival Mobike has begun to withdraw from overseas markets.
SenseTime, a Beijing-based industry leader in artificial intelligence (AI), has made a strategic move into Singapore through the signing of memoranda of understanding (MOU) with three leading Singaporean organizations.
Chinese mobile payments have made new moves in going abroad. On March 15, Ant Financial’s Alipay platform entered the markets in Cambodia, Laos, the Philippines and Burma to serve Chinese tourists.
On February 28, Chinese tech giant Alibaba and the Nanyang Technological University (NTU) established a joint research institute in Singapore. The institute will focus on AI applications, including health care, smart home and urban transportation.