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.
Chinese artificial intelligence company iFlytek Co Ltd., best known for its voice-recognition technology, plans to raise up to RMB3.6 billion (US$567 million) through private placement to expand its artificial intelligent investments, according to its security filing.
Tencent Holdings has received a license to road test smart, Internet connected vehicles in the city of Shenzhen, as the Chinese social media giant’s autonomous vehicle ambitions accelerate.
Chinese artificial intelligence (AI) solution provider Unisound announced that it has raised a US$100 million series C round led by China Electronics Health Fund, a fund established by China Electronics Corporation Data (CEC Data), one of China’s biggest telecommunications equipment maker.
Andrew Ng, former chief scientist at Baidu and one of the founders of the Google Brain team, has announced that Drive.ai, an autonomous driving start-up on whose board he sits, will offer a self-driving car hailing services for public use in Frisco, Texas starting in July.
Adrian Cheng Chi-kong, Hong Kong mall operator and heir to the billionaire Cheng Yu-tung, has made a RMB100 million (US$15.7 million) strategic investment in Aibee, an artificial intelligence solutions provider.
State-owned China Integrated Circuit Industry Investment Fund (CICIIF) has joined Hong Kong-listed Semiconductor Manufacturing International Corporation (SMIC), a semiconductor foundry company headquartered in Shanghai, to establish a RMB1.62 billion (US$255.16 million) fund focused on equity investment in semiconductors.
Chinese artificial intelligence chip maker Cambricon Technologies Corp Ltd has unveiled two new products, a cloud-based smart chip Cambricon MLU100 and a new version of its AI processor IP product Cambricon 1M, at a launching event in Shanghai on May 3rd.
Chinese social media giant Tencent Holdings Ltd. has led a US$820 million series C round in Chinese humanoid robot maker Ubtech Robotics, valuing the firm at US$5 billion.
Li Shipeng, a former Microsoft partner and founding member of Microsoft Research Asia, has joined Chinese artificial intelligence company iFlytek Co Ltd., best known for its voice-recognition technology.
Alibaba Group Holding has acquired 100% of Hangzhou C-SKY Microsystems Co., Ltd., an integrated circuit design house, in a move to expand the tech giant’s chip development capabilities, according to local Chinese media.
Tencent Holdings’ investment fund and Chinese investment banking and asset management firm China Renaissance have led a RMB1 billion (US$159.2 million) series C round in Chinese big data firm MiningLamp, according to China Renaissance’s official WeChat account.
China’s largest retailer Alibaba Group Holding and artificial intelligence-powered facial recognition firm Face++ have led a RMB349 million (US$55.6 million) round in Chinese video technology firm Video++, also known as Jilian Technology.
Alibaba Group Holding Ltd. has led a US$600 million series C round in SenseTime, a Beijing-based Chinese artificial intelligence company specializing in facial and image recognition technology and its application.
To manage the largest population on earth, Chinese police have turned to artificial intelligence for help. The latest example is in the city of Shenzhen, where police are installing AI cameras to identify and cite jaywalkers.
Chinese mobile Internet company Cheetah Mobile Inc. (NYSE: CMCM) has unveiled a series of artificial intelligence-powered smart devices and robotics products in a glitzy event held last night in Beijing’s National Aquatics Center.
Chinese Internet giant Tencent has announced the establishment of a robotics laboratory named "Robotics X”, to support the company’s push into AI and robotics. The new lab, to be based in Shenzhen, will reinforce Tencent’s R&D in the artificial intelligence realm in conjunction with its existing AI Lab, launched in April 2016. At the same time, the company announced that it had reached a strategic cooperation agreement with Nature Research, a subsidiary of academic publisher Springer Nature, to promote research …
Chinese automatic machine learning start-up TaoData has raised a series B round of more than RMB100 million (US$15.8 million) led by strategic investor Fosun International.
He Xiaodong, former principal researcher at Microsoft Research’s artificial intelligence unit will join JD.com as vice president working at JD.com’s AI lab, according to local media.
Baidu, one of China’s Internet and tech titans, announced plans to integrate three departments into one called the Smart Living Group (SLG) to consolidate and streamline its businesses in the smart hardware sector.
Chinese Premier Li Keqiang’s took to the stage at the annual gathering of Chinese People’s Political Consultative Conference (CPPCC) members and laid out a vision of the Chinese economy based on artificial intelligence. Corporate China also joint in the AI chorus.
Chinese autonomous driving start-up JingChi Inc. has joined Baidu’s open-source autonomous driving platform Apollo in what appears to be a reconciliation between the two companies.
For the hundreds of thousands Chinese scientists trained overseas returning home, there is now a more palpable concern when making this increasingly popular career move. As the FBI accused a top Chinese AI expert for fraud last week, the action was interpreted by China as part of a "technology cold war" waged by the U.S. against the country and its top scientists.