Tech China Post #33…China Silicon Valley, 3D brain imaging, Alibaba, open data
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China has identified 17 innovation zones, most of which are along China’s east coast. Where is China’s Silicon Valley?
2016 China’s mobile payments hit $5.5 trillion. China’s biggest mobile payment solutions are expanding with Chinese tourists and enterprise growth into rest of Asia and into Europe.
China is launching an advanced 3D brain imaging and analytics center. With $67M investment and 120 people, the center will work with international researchers to bring high-resolution 3D brain imaging to industry scale. China’s brain-imaging factory
Ali Health, part of Alibaba, will collaborate with the Chinese government to digitize and secure healthcare records using blockchain technology. This is significant as most of Chinese healthcare documents are paper based. Alibaba technology and product leadership is yielding strong business results. Alibaba’s fiscal year 1Q revenue rose 53% yoy to $7.4B, and free cash flow rose 70% to $3.3B. Its stock has risen 91% yoy, outperforming Amazon, Facebook, Google.
China Unicom sold close to $12B of shares to investors such as Baidu, Tencent, and Alibaba, to raise funds for building out 5G network. China Unicom has conducted 5G pilots with major device manufacturers (excl. Apple). Major markets don’t expect 5G until 2020.
China launches “cyber court” dealing with digital rights and e-commerce related cases.
Three China tech companies (Sinovation Ventures, Sogou, ByteDance) launch the ‘AI Challenger,’ an open data platform for global participants to build AI products using three open data sets.Winner will receive 2 million RMB.
