China's iFlytek exec says U.S. sanctions have 'destroyed' market mechanism

AI leader invests in Hong Kong hub and seeks to expand presence in Japan

20240722 iFlytek at HK book fair.jpg

iFlytek, a U.S.-sanctioned leader in China's AI industry, presents its products at this year's Hong Kong book fair. (Photo by Kenji Kawase)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- A senior executive at iFlytek, China's leading artificial intelligence developer, says U.S. sanctions have "destroyed" the market mechanism that had benefited the company and country alike.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.