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.
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.
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.
Wang Hua, managing partner of Sinovation Ventures, analyzed the opportunity for future investment in China based on population structure and consumer behavior data released at the Foresee 2018 Investment Trend Conference, held by Sinovation Ventures.