AI startups win record 19.3 billion yuan in financing
By Jing Shuiyu | China Daily | Updated: 2017-08-08 08:24
China's artificial intelligence-focused startups received record financing of 19.3 billion yuan ($2.87 billion) in the first half of 2017, with mid-and late-stage deals dominating across the period, according to a recent report.
The same report predicted that the industry is very likely to "enter an adjustment period" in the next half year.
According to a report conducted by itjuzi.com, a Chinese website dedicated to tech-investment data, the number of deals in AI-enabled startups in the country reached 96 in the first six months. Top verticals include healthcare, automobile, security, finance, logistics and warehousing.
Photo
