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China tech

China AI startups surge forward with $30bn funding since 2016

Investment has jumped since Beijing added AI drive to five-year plan, 36Kr reports

Qiniu Cloud, a startup specializing in cloud services using AI technology, is headquartered in Shanghai. (Photo by Shuhei Yamada)
SHUHEI YAMADA, Nikkei Asia Tech chief editor | China

TOKYO -- Fundraising by Chinese artificial intelligence startups has increased rapidly since the Beijing government announced an AI drive in 2016, according to a report compiled by the Chinese tech news portal 36Kr.

China is an AI powerhouse comparable to the U.S., and the report shows that this is due to its homegrown startups.

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