Asia AI News 2 August 2019 – About 200 Chinese startups have valuations of $1 billion or more, including Hong Kong-based facial recognition software maker SenseTime, the world’s most valuable startup. However, both tech venture capital deal flow and cross-border investment between the U.S. and China has dropped off considerably.
What does all that mean for VC investments in Chinese AI startups? The short answer is that we’re not sure yet. Read more in today’s Asia AI News email.
Startups, investment firms and other organisations featured in today’s newsletter:
- Grab (Singapore)
- Rhodium Group (USA)
- SenseTime (Hong Kong)
- Trax (Singapore)
- DEWA (UAE)