China’s artificial intelligence and cloud computing industry has been very busy this year.

Last week the industry saw another important round of funding, as CloudMinds (达闼科技), an AI and cloud computing startup, announced a $30 million USD round of seed funding, led by SoftBank International, the Tokyo-based telecommunications company that invested early in Alibaba.

Other participating investors included Taiwanese electronics manufacturer, Foxconn, and Walden International, an investment firm that funds early stage companies in the semiconductor sector, among other verticals.

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Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).