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Baidu’s VP Wang Haifeng now leads Baidu Research Institute to further develop its AI application for commercial use

Baidu’s vice president, as well as head of Baidu’s AI department Wang Haifeng, will serve as director of Baidu Research Institute (in Chinese). With Wang’s increased dominance in Baidu’s AI arm, Baidu’s Artificial Intelligence Group (AIG) will strengthen R&D on the AI application technology for commercial use, including autonomous driving and airport services. In March this […]

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Meituan-Dianping raises $4B new fund, reflects heated proxy war of Tencent and Alibaba

Meituan-Dianping, China’s O2O and e-commerce platform, announced today that it has landed a $4 billion Series C round of financing led by Tencent. With the newly pocketed funds, the firm is expected to further expand its four core businesses: in-store dining, entertainment, on-demand delivery, and travel. Meituan-Dianping has a large scale of offerings, including food […]