Chinese venture capital firm Sinovation Ventures has led a RMB100 million (US$15 million) series A round in artificial intelligence-powered fintech start-up Ahi Fintech.
SB China Venture Capital (SBCVC) and Chinese artificial intelligence company SenseTime have co-lead a RMB1.36 billion (US$199 million) series D round in video technology start-up Beijing Moviebook Technology Corp., Ltd.
Tencent Holdings Ltd has led a RMB340 million (US$50 million) pre-A round in Suiyuan Technology, a Chinese artificial intelligence start-up developing cloud-based deep learning chips for AI training platforms.
Chinese venture capital firm Gaorong Capital has joined CMB International to co-lead a RMB180 million (US$26 million) in Chinese artificial intelligence start-up Tianrang.
Chinese e-commerce firm JD.com Inc has opened its first cashier-free retail store overseas in Indonesia. The JD.ID X-Mart, newly opened in Jakarta, looks and operates similarly to cashier-free stores opened earlier by its rival Alibaba and many Chinese unmanned convenience store start-ups that emerged last year.
After applying artificial intelligence in electronics manufacturing, Andrew Ng, former chief scientist at Baidu and co-founder of the Google Brain, now wants to empower China’s agriculture sector with AI.
Chinese retailer JD.com has hired Li Xiaoguang, professor at Nanjing University of Aeronautics and Astronautics as chief scientist overseeing its drone development.
Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to media reports.
China is using artificial intelligence to build large and low-cost unmanned submarines, which are expected to be deployed in the early 2020s, according to a media report citing anonymous scientists involved in the projects.
Sogou Inc., China’s second largest search engine after Baidu Inc., is becoming a smart hardware company powered by its artificial intelligence capabilities. That may be something Sogou founder Wang Xiaochuan would never have foreseen eight years ago when he founded the Internet company in Beijing.
Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a RMB600 million (US$89 million) series C+ round led by China Internet Investment Fund – RMB100 billion fund initiated by Cyberspace Administration of China and Chinese Ministry of Finance.
Xilinx Inc, a San Jose, California-based programmable logic devices supplier, announced that it has acquired Beijing-based artificial intelligence start-up DeePhi Technology Co. Ltd.
One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from China Industrial Asset Management Ltd.
To expand its artificial intelligence-based industrial capabilities, Taiwanese electronics manufacturer Hon Hai Precision Industry Co. Ltd., also known as Foxconn Technology Group, has set up a new AI company in Silicon Valley, according to a media report.
Qianhai Wutong Mergers and Acquisition Funds and Beijing-based Zoy Capital have led a series B+ round in Chinese artificial intelligence firm Turing Robot.
The ban placed by the U.S. on Chinese telecom company ZTE Corp. and its crippling effect has prompted a great public outcry in China, leading many to call on Beijing to take actions to achieve self-reliance in the semiconductors sector. Private companies are quick to take its cue. From Chinese tech giants including Alibaba Group to start-ups including Cambricon Technologies, DeePhi Tech, Rokid and Mobvoi, Chinese AI companies are "all in chips" nowadays. Entrepreneurs and founders are acutely aware that …
Chinese venture capital firm Green Pine Capital Partners has led a RMB100 million (US$15 million) series A+ round in Dobot, a Shenzhen-based robotic arm solutions provider, according to Chinese media reports.
Chinese artificial intelligence start-up Rokid released three new products at a product launch event yesterday in Hangzhou, the first large-scale public event since its founding four years ago.
Suzhou city-based investment holding company Oriza Holdings and China Minsheng Investment Group have led a RMB500 million (US$76 million) round in AISpeech, a Chinese artificial intelligence start-ups focused on speech recognition.
San Francisco-based service robot maker Bossa Nova announced that it has raised a US$29 million funding round led by San Francisco-based investment firm Cota Capital, and participated by China Walden Ventures, LG Electronics and others.
Chinese artificial intelligence chip maker Cambricon Technologies Corp Ltd. has raised a series B round worth several hundreds of millions of U.S. dollars led by SDIC Venture Capital, a subsidiary of state-owned investment holding group China Reform Holdings Corp Ltd, China State-owned Capital Venture Investment Fund and its sub-fund Guoxin Qidi Fund.
The Beijing subway system plans to introduce bio-recognition technology this year to reduce heavy passenger flow that sometimes lead to kilometers of long lines outside of busy stations, according to China Daily.
China’s tech giants are waging a price war over smart speakers. But that’s ok with Chang Le, co-founder of Beijing-based start-up SoundAI, who sees it as a sign of market strength. Baidu just released its lower-end smart speaker Xiaodu at a special discount price of RMB89 (US$13.9), the same as Alibaba’s smart speaker Tianmao Jingling (Tmall Genie), and little more than JD.com’s Dingdong, which is selling at a discounted RMB79 (US$12). Chang says the price war is completely understandable because every …
ICBC International Holdings Ltd, SPDB International and Gaocheng Capital have invested in a US$200 million series C+ round in Yitu Technology, a Shanghai-based artificial intelligence start-up specialized in the field of machine vision, big data and advanced hardware, according to Yitu’s announcement on its official WeChat account.
China Money Network, a Chinese investment and technology media and data company based in Hong Kong and Beijing, today launched a campaign to compile a list of the 50 leading Chinese artificial intelligence companies to shed light on China’s rising AI power.
SenseTime, the world’s highest valued private artificial intelligence (AI) company, has announced the completion of a US$620 million series C+ funding round, led by Fidelity International, Hopu Capital, Silver Lake and Tiger Global.
Mobvoi, a Chinese artificial intelligence firm backed by Google and Volkswagen Group China, unveiled a number of smart hardware products and an AI chip as the company continues to build up its product portfolio centered around voice recognition technology.
NewsDog, an Indian news aggregation and personal recommendation mobile app operator, has completed a US$50 million series C round led by Chinese tech giant Tencent Holdings Ltd.
Alibaba Group Holding Limited (NYSE: BABA), Chinese artificial intelligence company SenseTime and Hong Kong Science and Technology Parks Corporation (HKSTP) have launched The HKAI Lab, a not-for-profit initiative with the aim to support innovation in the field of AI in Hong Kong.
SB China Venture Capital (SBCVC) and China Creation Ventures, a Beijing-based venture firm focused on TMT investments in China, have co-led a RMB135 million (US$21.2 million) series B round in CowaRobot, a Chinese robotics firm.
Chinese investment firm Shenzhen Capital Group Co., Ltd. has partnered with Wu Capital, a Chinese family office, to lead a US$128 million series A round in Roadstar.ai, an artificial intelligence start-up focused on research and development of level 4 autonomous driving technologies.