China AI — 2020 Top Deals

Three of the most promising AI startups in China made the news with their record breaking deals despite the pandemic.

Lance Ng
Behind the Great Wall


Image Credit: Jacobs School of Engineering, UC San Diego

The race is on between the top two economic giants of the world — the U.S. and China — to dominate the world in artificial intelligence (AI). In 2020, despite the market impact from COVID-19, the Chinese AI scene continued to forge ahead, setting records in financial deals.

Quadtalent Technology received more than US$20 million in a seed funding round led by venture capital firm Gaorong Capital in June 2020. Quadtalent is a digital transformation solutions provider that specializes in digitalization and A.I. enablement.

Founder and CEO Dr. Min Wanli is a child prodigy. A member of the Special Class for Gifted Young, he entered the University of Science and Technology of China when he was 14 and graduated with a degree in Physics at 19. Thereafter, he pursued and received a Ph.D. in Statistics from the University of Chicago in 2004.

He founded Quadtalent in 2019. Prior to that he was working for IBM, Google and Alibaba, where he was the Chief Machine Intelligence Scientist at Alibaba Cloud.

Dr. Min has also started a venture capital firm call North Summit Capital, which wants to invest in “AI for social…