Tech China Post #5…all about AI
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Last week we highlighted the rise of FinTech in China. If you read one thing about tech in China, read about its effort in artificial intelligence. China is aggressively investing in research & development domestically, hiring the best AI talents globally, and investing or acquiring in AI startups. Why is this important? AI will fundamentally transform how information are analyzed in small or large scale systems in all industries. As a result, smarter workflows and systems will be built. A picture tells a thousands words and this chart on growth of AI patent is that picture on rapid development of AI in China.
Last week we told you about Toutiao. Check out another super app from China with 400M subscribers — video app called Kuai Shou.
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Artificial Intelligence
China gains on the U.S. in the artificial intelligence arms race
Toutiao acquires Flipagram to strengthen AI enabled feeds
FinTech
MoneyGram CEO on Ant Financial and the transformation of payments
China fintech startup Guangdong Wangjin plans US$500m HK IPO
Other
Alibaba expands presence in Australia andNew Zealand
Facebook tries to re-enter China
Huawei, Orange sign accord on 5G services
Huawei partners with Telefonica on virtual network building for Latin America and Europe
M&A, Venture
