China Money Network Update

  • China
  • 05/18/2017
  • China Money Network

This week, Hillhouse Capital leads US$55 million round In Chinese AI firm Yitu Technology, and China sets up a national laboratory to develop brain-like artificial intelligence.

Yum China decides to buy food delivery firm Daojia.com.cn as a key to drive future growth. China pledges US$14.5 billion funding boost to its Silk Road Fund, while Tencent, Baidu join a US$580 million round in Chinese online car financing platform Yixin Capital.