Take the case of SenseTime https://www.sensetime.com/, a standout in facial-recognition technology and, by virtue of an implied capitalization it says exceeds $3 billion, China's largest AI unicorn. The two formed part of the nucleus of what became SenseTime a few years later, with Xu as CEO. In 2014, a series of technology breakthroughs won SenseTime global acclaim from publications such as Nature and Science and other media attention before IDG came calling. In China's burgeoning fintech sector, SenseTime's recognition technology has scanned and authenticated the faces of 400 million consumers, 300 million for China Mobile alone. Two prominent Chinese rivals, Megvii of the Face++ brand and Yitu Technology, are on the same hunt for clients.

Source: Forbes March 07, 2018 21:33 UTC