Kunlun Tech Invests USD 3 Mln to Form Overseas AI Joint Venture

Kunlun Technology, 3/09/16

Chinese online PC and mobile game developer and operator Kunlun Technology (300418.SZ) recently announced that it will invest USD 3 mln to establish a joint venture named Kunlun AI (Kunlun Artificial Intelligence Technology Company). 100 mln shares will be issued in total, of which 15% will be held by Kunlun Technology and the rest by other investors.

Kunlun AI will be headquartered in California, and will be dedicated to providing AI and big data solutions to businesses. The company will initially focus on areas such as advertising, speech recognition, content recommendation, security, marketing and finance.

Keywords: USA overseas software Kunlun Tech big data 300418.SZ artificial intelligence JV

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