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Alibaba Leads $600m Round In Chinese Artificial Intelligence Start-up Sensetime – China Money Network

by chinamoneynetwork.com posted 11months ago 139 views
Alibaba Group Holding Ltd. has led a US$600 million series C round in SenseTime, a Beijing-based Chinese artificial intelligence company specializing in facial and image recognition technology and its application. Temasek Holdings and Chinese retailer Suning Commerce Group Co., Ltd also participated in the round, according to SenseTime’s announcement on its official WeChat account. SenseTime is valued at US$3 billion on China Money Network’s China Unicorn Ranking.The firm did not disclose the valuation after the new round. With its AI … Alibaba Leads $600M Round In Chinese Artificial Intelligence Start-up SenseTime appeared first on China Money Network.