EO Intelligence – ‘AI Commercialization in China’ Report 2020

Computer vision upstarts Megvii and SenseTime top the list of the largest companies in the space.

By Yingwei Fu Jul 10, 2020 06:00 pm

EO Intelligence presents its annual overview of AI commercialization in China

Background

In the 2010s, Artificial Intelligence (AI) was riding a wave of hype. A plethora of enterprises across industries was deploying (or claimed to be deploying) machine learning algorithms to optimize their businesses. Many others joined the technology race, developing hardware and software solutions for those intending to go through the proverbial ‘digital transformation.’

The tech-addicted China has proven itself to be an extremely AI-friendly country at multiple levels: from the central government striving to find new economic growth drivers and escape the middle-income trap to individuals hungry for classy consumer experience, customized products and services. As a result, venture money has gushed into the emerging field, stirring the interest of bootstrapped software engineers in the Asian nation’s major innovation hubs.

Key Take-aways

While the initial excitement had ebbed away by 2019, the industry has accumulated a great deal of essential experience. The results of the previous development phase now seem apparent – in terms of both AI technology advancements and real-world business applications.

Meanwhile, a family of new names in the corporate world has appeared, shaping the market landscape in China and globally.

To summarize the past decade and depict the new challenges in the domain, EO Intelligence (link in Chinese), EqualOcean’s sister organization, has published its annual outlook of AI commercialization in China, focusing on both the long-standing industry trends and the most significant changes in the space that took place in 2020.

In this report...

• China’s AI industry development within six functional areas: academia, the corporate field, investment circles, government, real economy and the technology ecosystem.
• A breakdown of the AI enterprise ecosystem and an investment landscape overview.
• A list of 100 China-based startups leading the way in the field of AI.
• A roster of 60 well-established corporations leveraging AI to achieve superlative outcomes.
• China’s top 10 AI hubs.

Download the English version of the report by clicking the button above – or check out the original document in Chinese here.

Editor: Luke Sheehan