Chinese artificial intelligence company SenseTime has teamed up with Chinese property developer Modern Land (China) Co. to lead a RMB210 million (US$32 million) series B round in 51HiTech, a Beijing-based virtual reality and augmented reality start-up focused on applications in the real estate sector. The deal, the first major investment done by SenseTime after it secured over half billion U.S. dollars in financing this year, highlights the Chinese AI company’s ambitions beyond being an AI technology solution provider to other … Chinese AI Firm SenseTime Aims To Expand Via Investing In VR Firm 51HiTech appeared first on China Money Network.