Alibaba-backed AI startup SenseTime to help China handle digital Yuan | Cointelegraph

“As China is moving forward with blockchain projects amid the COVID-19 crisis, the government has tapped another tech partnership to continue the development of China’s digital yuan.

Domestic artificial intelligence (AI) startup SenseTime has partnered with the People’s Bank of China’s (PBoC) Digital Currency Research Institute to provide its AI expertise amid the reported trials of the central bank’s digital currency (CBDC).”

Read the full article @ Cointelegraph:

Life-size test before producing pollution masks | 24heures

“In full development of masks against pollutants or pollens, two Vaud start-ups are taking on the coronavirus.

This is the story of two start-ups from Vaud, Breez and Helvitek Labs, who are developing a similar product: an anti-pollution protective mask. Having stayed in China several times, their founders understood how useful such an accessory could be to protect themselves from the dangers of exhaust gases, fine particles but also pollens. The two start-ups have been working there for almost two years and have won awards for the innovation of their product.”

Read the full article @ 24heures:

Tencent bets big on AI development with investment in two startups | KrASIA

“Chinese internet giant Tencent (HKG: 0700) has placed a strategic bet on the AI industry by investing in two companies, local media Caijingtuya reported on Monday.

Through the Tencent Industry Win-Win Fund, the corporate venture arm of Tencent, the internet giant took a 2.44% stake in Ningbo-based AI vision company Qting Vision on Sunday, just one day after it obtained a 1.23% stock in Beijing-based Sinoits Tech, according to enterprise data provider Tianyancha. Financial details of both deals were not disclosed.”

Read the full article @ KrASIA:

Collaboration Between the Swiss and Chinese FinTech Ecosystems | Fintechnews.ch

The Zurich and Singapore based FinTech Incubator & Accelerator F10 has signed a Memorandum of Understanding with the Chinese Zheshang Venture Capital Company Ltd to create more opportunities for investment and Startup development within the F10 ecosystem at the “Zurich Lake – West Lake” forum for FinTech and Wealth Management.

@ Fintechnews.ch | December 4, 2019