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Although private equity investment in Chinese AI startups shrank in the second quarter of the year, it hasn't deterred this unicorn's plans to list.

China's leading facial recognition startup builds its corporate network of next-generation technologies as it buys a stake in Beijing-based IoT developer.

This fundraiser follows hot on the heels of a $600 million capital round in April and values the AI unicorn at $4.5 billion: plenty of dry powder to pursue China’s global leadership ambitions in the field.

High-profile unicorn says it is now the world's most valuable AI platform at a time when China is pursuing leadership in cutting-edge technologies. Alibaba is leading the funding round.

Bocom's Esther Wong tells FinanceAsia why she is leaving the banking industry for a new challenge: helping to develop next-generation artificial intelligence technologies.

The venture capital darling's products may sound like the stuff of science fiction, but its co-founder tells FinanceAsia they could soon be as matter-of-fact as electricity or water supplies.