In last week’s VC news across China, logistics upstart YQNLink bags a whopping $100 million in its latest round, Hong Kong-based investment firm Gaw Capital Partners closes a further $430 million in funds, robotics startup MegaRobo closes a hefty $65 million investment round while Suzhou’s IntoCare Medical rakes in more than $15 million in its Series D fundraising round.
According to 36Kr, Sinovation Ventures’ AI subsidiary, Chuangxin Qizhi, completed its latest round of financing totaling nearly $57 million.
On the morning of Jan. 23 local time, the World Economic Forum announced the establishment of the “Artificial Intelligence Council”, which will be co-chaired by Innovation Works CEO Kai-Fu Lee and Microsoft President Bradford L. Smith.
“Congrats to VIPKID for being the only Chinese company to be listed in the ‘2019 Best Places to Work‘ rankings published by Glassdoor,” said venture capitalist and technology executive Kai-Fu Lee who has been backing VIPKID since its foundation in 2013 through a post on WeChat.
Last autumn, at an official TED conference in Vancouver, Artificial Intelligence (AI) expert, Kai-Fu Lee stood on a red-carpeted, circular stage, the lights in the room focused on his dignified frame, the crowd around him sober and attentive.
WIRED magazine recently celebrated its 25th anniversary by picking out important icons that have changed the world throughout the past 25 years, such as Bill Gates, Peter Thiel, and Mark Zuckerburg. Recently, Chinese AI-expert Kaifu Lee, CEO of Sinovation Ventures, was chosen as one of the representing icons.
Welcome to this week’s newsletter. This week, we have two feature stories about Kai-Fu Lee and an Indian entrepreneur, some latest market analysis and several upcoming releases.
This year, Sinovation Ventures will turn nine years old. At a recent press conference, I shared several stories of entrepreneurship over the past nine years. During this time, the world has changed dramatically. The venture capital (VC) industry has become increasingly competitive and the rules of the industry have also changed.
The 10th Global Mobile Internet Conference (GMIC) Beijing opened on April 26, the theme of this year’s conference is AI Genesis. Kai-Fu Lee, CEO of Sinovation Ventures, attended the panel discussion on “The Present and Future of AI”, where he shared his views on artificial intelligence applications and talent cultivation.
Kai-fu Lee, chairman and CEO of Sinovation Ventures, spoke at the Davos World Economic Forum on the development of China, European and American venture capital and technology companies.
When China’s uber-rich zero in on an asset class—be it Los Angeles mansions, French vineyards, or European soccer players—they can quickly drown it in cash. But Beijing can take the punchbowl away just as quickly, as Silicon Valley discovered late last year when China’s central government tightened controls over capital leaving the country. That move […]
Frankly speaking, I do not quite agree with the view of Elon Musk’s that “AI will destroy humanity”. I have specific views about five areas: AI is just a tool and far from superintelligence. Based on my work experience in the research, development and investment of the AI field over the last 37 years, such […]
BEIJING — What worries you about the coming world of artificial intelligence? Too often the answer to this question resembles the plot of a sci-fi thriller. People worry that developments in A.I. will bring about the “singularity” — that point in history when A.I. surpasses human intelligence, leading to an unimaginable revolution in human affairs. […]