Tsinghua AI Association of International Students (TAIS) news roundup 6 November
A 5G-enabled underwater robot and autonomous 5G drones at the Tingzikou hydropower station in Guangyuan, Sichuan province, monitors the dam walls with the help of artificial intelligence, big data and other technologies to ensure it is strong enough to withstand future floods. [China Daily]
Shanghai’s securities regulator is reviewing the IPO filing of Yitu Internet Technology Co. Ltd., as one of China’s leading facial recognition developers moves closer to a public listing on the STAR Market. Yitu, Megvii, SenseTime and CloudWalk made up 60% of China’s highly contested $1.46 billion AI machine vision market last year. [Caixin Global]
The world’s №3 smartphone-maker Xiaomi Corp. plans to increase its research staff by roughly half next year as it hopes that improved tech will help grow its market share. Xiaomi aims to recruit 5,000 professionals to help it scale up research and development (R&D). [Caixin Global]
JD Health, the healthcare subsidiary of JD.com, seeks to obtain listing approval on the Hong Kong Stock Exchange as early as next week, with a target valuation of US$20 billion. In June this year, JD.com went public for the second time in Hong Kong, raising US$4.5 billion. [China Money Network]
TikTok rival Kuaishou has formally submitted an IPO application to the Hong Kong Stock Exchange, which may become the first short video app to go public there. Its primary revenue sources are livestreaming, online marketing services, e-commerce, online games and others. [Equal Ocean / Technode]
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Compiled by Nico Gous (nicogous@gmail.com / nico.gous@yahoo.com)
