Taiwanese smartphone maker HTC has unveiled its newest phone, the HTC Exodus, in the first phone made by a major brand dedicated to blockchain encryption, the firm announced at the Consensus 2018 blockchain conference in New York.
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.
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 smartphone and electronics brand Xiaomi is in talks to increase its stake in Indian financial technology start-up Zest-Money, according to Indian media reports. Xiaomi has previously said it intends to invest up to US$100 billion in Indian start-ups.
Several major Chinese smartphone makers are planning or have announced the release of "blockchain smartphones". They are the latest group of firms joining the current cryptocurrency frenzy.
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.
Entrepreneurship has never been more popular in China, or apparently with the Communist Party. After President Xi Jinping encouraged entrepreneurship at the 19th Congress of Communist Party last October, more tech entrepreneurs have been selected as Chinese People’s Political Consultative Conference (CPPCC) members, the nation’s most powerful political advisory body.
Chinese billionaire Cai Wensheng, founder of photo touch-up app and smartphone maker Meitu and a well-known angel investor, said in a recent online chat group that he believes blockchain is the biggest bubble the world has ever seen, and missing it would be the biggest mistake anyone can make.
The growth story of the world’s largest smartphone market, China, came to an end as annual shipments in 2017 declined 4% to 459 million units, according to technology market analyst firm Canalys.
Five Chinese smartphone makers, together controlling over half of the country’s smartphone market, expressed concerns about semiconductor giant Broadcom Ltd’s US$105 billion bid for Qualcomm Inc, saying the acquisition, if completed, will create a monopoly for the smartphone chips market and hinder innovation.
Chinese smartphone maker Xiaomi Inc. surpassed South Korea’s Samsung Group as the top seller of smartphones in India for the first time in the fourth quarter of 2017. During the period, Xiaomi shipped close to 8.2 million units in India, up 170% year-on-year, while Samsung shipped just over 7.3 million units, up 17% year-on-year. Samsung had been the top seller in India for six years. Together, the two companies command more than 50% of the smartphone market in the country, with …
Lenovo Group Ltd. has teamed up with China Electronics Standardization Institution to launch an Industrial Big Data Application Alliance to support the utilization of industrial big data.
Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive.
China’s CITIC Capital, Haier Capital, Lenovo Holdings Corp and Legend Capital have led a nearly RMB700 million (US$105 million) series C round in Phoenix Travel Worldwide Co., Ltd., an overseas travel agency.
China’s artificial intelligence chip maker Cambricon Technologies Corporation Ltd. aims to have one billion smart devices using its AI processor and own 30% of China’s high-performance AI chip market in three years, the company said at its first product launch in Beijing on Monday.
Chinese facial recognition start-up Face++ has announced that Andrew Chi-Chih Yao, the first Chinese recipient of the Turing Award, will join the firm’s newly established academic committee as principal advisor.
Chinese facial recognition firm Face++ has raised US$460 million in a series C round led by China State-Owned Assets Venture Investment Fund, with Ant Financial and Foxconn Technology Group participating, setting a new VC financing record for AI companies globally.
U.S. investment firm Tiger Global Management LLC and China’s Genesis Capital have led a US$230 million series C+ round in MissFresh, a Chinese fresh produce e-commerce platform in China backed by Tencent Holdings and other investors.
Taiwanese computer maker AsusTek Computer Inc., better known as ASUS, is partnering with Silicon Valley-based Fenox Venture Capital to launch a US$50 million venture fund to help U.S. technology start-ups expand to China.
Chinese venture capital firm GSR Ventures and Gobi Partners have joined a RMB35 million (US$5 million) series A round in DeepBrain, a four-month old business providing AI and blockchain-based SaaS solutions to Internet of Things (IoT) hardware manufacturers and app developers.
SDIC Chuangye Investment Management, a subsidiary of State Development & Investment Corp, has led a US$100 million series A round in Cambricon Technologies Co., Ltd., an artificial intelligence chip developer.
Lenovo Capital and the Incubator Group have led a RMB50 million (US$7 million) pre-A round in Tianjin YangTian Technology Co., a Chinese industrial robotic arm developer supplying manufacturers in China.
Lenovo Capital and Incubator Group have led a pre-A round worth tens of millions of RMB in Beijing NED+AR Display Technology Co., Ltd., a supplier of optical modules for augmented reality glasses.
T2 Cloud, a Beijing-based cloud solutions provider, has raised a series B round investment of nearly RMB100 million (US$14 million).
Matrix Partners China has led a nearly RMB100 million (US$14 million) series B round in SmartX, a Beijing-based hyper-converged infrastructure product developer.
Chinese venture capital firm Joy Capital has led a RMB700 million (US$105 million) series D round in Shopex, a Shanghai-based e-commerce software and services provider.
SHANGHAI, July 22, 2017 /PRNewswire/ — The Tech World Event of Lenovo was held in Shanghai on July 20th, 2017. AI played the biggest role this year. Turing Robot serves as the voice assistant of Lenovo’s latest Concept home device Smart Cast+ which was quite remarkable at the event.
In recent years, intelligent home devices are seeing more and more adoptions. Major companies are producing these products, such as Amazon‘s Echo and Google‘s Google Home. In mid 2017, Apple also published its home device with Siri inside called Home Pod. Compared to the extreme competition overseas, the home devices industry in China seems a little bit quiet. Xiaomi, JD, Baidu and Alibaba all have sold similar products.
For the home device industry in and outside of China, the one difficulty they all face is the immature intelligent home furnishing ecosystem. To stay competitive in the market, voice interface is the key, as it weighs the most in the experience and intelligence level of a home device. Take Echo for example, in 2014, when Echo made its first appearance, its relatively poor function didn’t get Amazon much applause. But then things changed when Alexa joined the game.
Early this year, Lenovo released a home device that looked a lot like Echo, which had both an English and Chinese version. Its English version used Alexa as Echo did, and the Chinese version was provided by Lenovo Academy. But this time with Smart Cast+, not only its appearance is more creative, but also its Chinese voice assistant was provided by Turing Robot.
Turing Robot has abundant data resources in the areas of voice assistant. Early in 2012, Turing Robot launched an app called Wormhole, a voice assistant app, announced its stepping into the war of voice assistant. Recently, Turing Robot‘s open platform has over 600,000 enterprises and developers, which made Turing Robot the world’s biggest open platform for a chat bot. The large data storage that Turing Robot possesses guarantees Smart Cast+’s experience at its voice interface level.
Having Turing Robot as its voice assistant, Smart Cast’s users can "wake up" SmartCast+ by saying "Hello, Lenovo" and find songs and movies using their voices. Users can also search for information such as weather forecast, stories, encyclopedias, FAQ and so on. Turing Robot not only plays the role of voice assistant, but works more like an operating system.
SmartCast+ is a smart speaker with projection, plus the function of object recognition and AR interaction. This means users can not only talk to it, but also touch the screen projected on the desk, just like the way you interact with a tablet.
Presently, SmartCast+ is no more than a concept product, its release is still pending. Can Lenovo and Turing Robot can copy the success of Amazon and Alexa? Let’s wait and see.
It seems that every technology company in China wants to be an artificial intelligence firm. The latest to join the club is Lenovo Group Ltd., until recently the world’s largest personal computer maker.
Hong Kong, China, July 20, 2017 /ChinaNewswire.com/ – ONEdigitals, a Lenovo Authorized Reseller well established in the online retail of mobile devices, has recently expanded its range of Internet of Things (IoT) innovative products available to its global consumer base. Online shoppers can now buy the latest IoT Gadgets from www.onedigitals.com with ease. For the… Read More
Lenovo Capital and Incubator Group, the venture capital arm of Chinese tech firm Lenovo Group Ltd., has led a RMB20 million (US$3 million) series A round in Imsight Medical, a start-up developing artificial intelligence-assisted medical imaging analysis tools.
SHENZHEN, China, July 3, 2017 /PRNewswire/ —
A marketing agency in Shenzhen has given the world a glimpse of what the world could look like if China took over by creating U.S. currency featuring faces of Chinese emperors.
ITTIZ and Global from Asia sent red envelopes containing the bills to 500 of the biggest companies in Shenzhen, including Lenovo, ZTE, MEIZU, Huawei, Haier, OPPO, DJI, and others. All of the bills are actual U.S. currency notes, ranging in value from $1 to $100, with a removable sticker of a Chinese emperor covering the respective U.S. icon’s image.
A few companies responded for requests to comment after receiving the envelopes.
- "It really puts into perspective the current state of global affairs and how the world is so quickly changing." — Q. Shah, CEO, ATOM.
- "Received the envelope and instantly thought that this will probably offend some people overseas, however we mainly see the comedic aspect of it." — Enzo Wang, CEO, Jinzhouheng Electronics.
- "Pretty excited to receive the red envelope. Who doesn’t love lucky money?! Initial thought was confusion as I thought it was fake, but extra happy when I found out the sticker was peelable and money was real. Not your normal campaign. Ballsy." — Ibby Azzam, CEO, Mazai Sourcing.
The timing for sending out the red envelopes coincides with the Fourth of July, American Independence Day, which was chosen for maximum impact.
ITTIZ came up with the idea for the campaign a few months ago when considering the outcome of the U.S. presidential election. Sean Davis, CEO of ITTIZ, said that with the current state of globalization and the general interconnectedness of countries, the likelihood of China’s rise is as probable as ever and pulling back isn’t a reasonable option. This is ITTIZ’s second campaign; the first one was in April last year and impacted around 15 million people.
The company wanted to create something that taught companies in Shenzhen the value of thinking creatively, and so the currency, political, competitive and comedic aspect of this campaign became appealing.
Along with support from Mike Michelini, CEO of Global from Asia, the campaign to send the U.S. currency to Chinese companies began. Each note is customized and titled, "Are you ready to take over America?"
ITTIZ believes this was a creative way to share the importance of marketing with Chinese companies by tying it in directly with currency, revenues, and overseas competition. The campaign is expected to reach a wide audience spanning various industries. Thus far, there has been a range of reaction, with the majority finding the campaign humorous.
"The campaign sparked the imagination of all those involved," said Sean Davis. Davis expects this campaign will attract more attention to his company and showcase what ITTIZ can do for clients.
"We found the red envelopes to be quite humorous" Leo Chen, CEO, JUISIR.
Mike Michelini, who has been in China for over 10 years, was surprised by the reception the campaign received. "We did not anticipate the campaign would spread this quickly."
Both Davis and Michelini are supporters of Shenzhen and have lived in the dynamic city for over a decade.
"One of the other reasons we ran this campaign was to showcase the creative abilities currently available in Shenzhen. A lot of the time there is a large focus on hardware, while the creatives are left out in the cold. We wanted to show that Shenzhen is not only a place for hardware innovation, but for innovation on all fronts, such as, in our case, marketing, branding, and design," said Davis.
"We see Shenzhen being a technology hub for the 21st century. We feel that creative ideas will only accelerate this movement. The future is coming at us quickly, everything in today’s economy is up for grabs, and Shenzhen is ready to grab hold and take it!"
*The currency is not defaced in a way that would violate Title 18, Section 333 of the United States Code.
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