Video++: Alibaba, Face++ Lead $56M Round In Chinese AI Video Technology Firm Video++
China’s largest retailer Alibaba Group Holding and artificial intelligence-powered facial recognition firm Face++ have led a RMB349 million (US$55.6 million) round in Chinese video technology firm Video++, also known as Jilian Technology. Chinese private equity firm Yunfeng Capital, co-founded by Alibaba’s chief Jack Ma, State Development & Investment Corporation,
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Video++ develops a computer vision platform that helps advertisers and e-commerce companies to tag places, objects and faces in video content.
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