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China Frontier Tech Report 2018 by Edith Yeung at Code Conference
The document discusses various trends in China's advancements in AI, blockchain, and autonomous vehicles, highlighting significant investments and developments in these sectors. Key trends include Baidu leading in autonomous driving, Alibaba's dominance in e-commerce AI, and the growing role of AI in agriculture and healthcare. Additionally, the Chinese government plays a crucial role by providing substantial funding and support for technology initiatives, including a focus on blockchain technology.
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Similar to China Frontier Tech Report 2018 by Edith Yeung at Code Conference
China Frontier Tech Report 2018 by Edith Yeung at Code Conference
- 1. State of China’sAI Blockchain Autonomous Vehicle 中国人工智能趋势 Edith Yeung May 30, 2018
- 2. Selected by Inc'sMagazine as one of the Silicon Valley’s investors you must know, Edith Yeung is the head of 500 Startups Greater China and partner of 500 Mobile Collective Fund. Edith invested in over 50 mobile, blockchain and AI startups, including Hooked, DayDayCook, Fleksy (acquired by Pinterest), Silk Labs (acquired by Apple), Human (acquired by Mapbox), AISense, Lightyear (Stellar), Republic, Solana, Oasis, Nebulas, etc Before 500, Edith was the head of marketing for Dolphin Browser, a Sequoia-backed mobile browser with over 150 million installs worldwide. Edith also worked with many Fortune 500 companies such as Siebel, AMS, AT&T Wireless and Autodesk. Edith Yeung | @edithyeung | edith.co
- 3. 人工智能 Artificial Intelligence 人工智能 Blockchain 区块链 Autonomous Car 无人驾驶汽车
- 5. China Internet Usersby the Number • 1.41 billion population • 1 billion WeChat monthly active users • 772 million internet users • 700 million QQ music users • 699 million smartphone users • 600 million Meituan (Groupon+Yelp) users • 550 million Didi (ride sharing) users • 500 million iFlytek voice input users • 520 million Alipay (mobile payment) users • 200 million Ofo (bike sharing) users • 120 million Toutiao (news) users • 2 billion Baidu (search) users h#ps://en.wikipedia.org/
- 6. Chinese (Government) isthe biggest venture capital firm In the world. $231 billion worth of government-backed venture funds raised. In the past 3 years. h#p://fortune.com/2016/03/09/investors-‐venture-‐capital-‐china/
- 7. In 2017, venturecapitalists invested $15.2 billion invested in AI startups globally. 48% went to Chinese AI startups h#ps://www.technologyreview.com/the-‐download/610271/chinas-‐ai-‐startups-‐scored-‐more-‐funding-‐than-‐americas-‐last-‐year/ Company Sector Amount Raised Investors Sensetime Deep learning $1 billion Alibaba, CDH Investments, IDG Capital Partners, Morningside, TCL Capital, WANDA Group United Imaging Healthcare $530M China Life Insurance，SDIC Fund,China International Capital, CITIC Securities, CMB International Mobvoi Voice AI $252M Volkswagen, Google, SIG China ICarbonX Health AI $199.48M China Bridge Capital, Tencent Face++ Computer vision $607M Foxconn, Qiming, Sinovation Ubtech Robotics $940M Tencent, CDH, CITIC, Qiming Roobo Robotics $153M Iflytek Unisound Voice AI $211M Qiming NIO Autonomous Car $2.1B Tencent, CITIC, TPG, Hillhouse, Baidu, Lenovo Capital
- 8. h#p://www.gov.cn/zhengce/content/2017-‐07/20/content_5211996.htm Notification of a new generation of artificial intelligence development plan
- 9. h#p://www.scmp.com/tech/china-‐tech/arFcle/2120913/china-‐recruits-‐baidu-‐alibaba-‐and-‐tencent-‐ai-‐naFonal-‐team China governmentrecruited and announced their very own AI national teams
- 10.
- 11. 9 China Frontier TechnologyTrends The latest AI, blockchain, robotics and autonomous car trends in China
- 12. Trend 1 –Autonomous Car
- 13. Air pollution iskilling about 4400 people in China every single day h#p://berkeleyearth.org/wp-‐content/uploads/2015/08/China-‐Air-‐Quality-‐Paper-‐July-‐2015.pdf
- 14. China now hasover 300 million vehicles ... that’s almost America’s total population, but only 1 million electric vehicle h#ps://www.investors.com/news/china-‐electric-‐vehicle-‐sales-‐seen-‐hiNng-‐1-‐million-‐milestone-‐2018/ h#p://www.scmp.com/news/china/economy/arFcle/2088876/chinas-‐more-‐300-‐million-‐vehicles-‐drive-‐polluFon-‐congesFon
- 15. h#ps://www.cbinsights.com/reports/CB-‐Insights_State-‐AI-‐China-‐Briefing.pdf? In April2017, Baidu announced, Apollo - open platform for autonomous driving solutions
- 16. Baidu and Cherywill jointly roll out L3 self- driving cars in China by 2020
- 17. Baidu and AccessServices (paratransit agency in LA) plan to launch new autonomous driving pilot in the U.S by end of 2018 h#ps://techcrunch.com/2018/01/08/baidu-‐teams-‐with-‐us-‐paratransit-‐agency-‐on-‐la-‐self-‐driving-‐pilot/
- 18. Baidu launched $1.5billion Apollo Fund
- 19. Trend 2 –AI for Shopping
- 20. Chinese Like toShop a LOT…
- 21. China is theWorld’s Largest eCommerce Market. $1.7 Trillion Market by 2020 eCommerce by the numbers: • 75% of 467 million online shoppers are Millennials • 200 million more online shoppers coming from lower tier cities and rural China • Average spending 12,198 RMB ($1,836 USD) in 2017 • Over 200 cities in China have same-day or next-day delivery coverage by Cainiao and JD • $1.8 trillion RMB online FMCG market size by 2020 • 4 million express delivery personnel by 2020 and 1 million food takeout delivery staff Source: Goldman Sachs CHINA E + COMMERCE Shopping Re-‐Imagined h#ps://www.emarketer.com/ArFcle/Average-‐Spending-‐of-‐Chinas-‐Online-‐Shoppers-‐Top-‐1800-‐2017/1015731
- 24. Alibaba leverages AI& big data to crack down on fake goods. Valued over $1.7 trillion in 2015. leverage the power of big data to crack down on purveyors of fake goods, whose value in 2015 exceeded $1.7 trillion h#ps://www.usatoday.com/story/tech/news/2017/01/16/alibaba-‐cracks-‐down-‐17-‐trillion-‐fake-‐goods-‐market/96633850/
- 25. Trend 3 –AI & Transportation
- 26. Chunyun 春运 –Chinese spring festival is the world’s largest human migration. In 2016, number of passenger-journeys reached 2.9 billion h#ps://en.wikipedia.org/wiki/Chunyun
- 29. In Wuhan, passengersjust needs to look at a gate with a camera ID cards for verification. h#p://www.aFmes.com/arFcle/pla-‐lends-‐brain-‐muscle-‐chinas-‐new-‐year-‐travel-‐rush/
- 30. More than sixmillion Chinese nationals had been banned from flying due to bad “social credit” include failure to pay fines or social security insurance. h#ps://www.telegraph.co.uk/travel/news/china-‐travel-‐ban-‐bad-‐social-‐credit-‐from-‐planes-‐trains/
- 31. Trend 4 –AI & Finance
- 32. In 2016, over8 billion “red envelopes” were sent over WeChat during Chinese New Year h#ps://qz.com/613384/over-‐8-‐billion-‐red-‐envelopes-‐were-‐sent-‐over-‐wechat-‐during-‐chinese-‐new-‐year/
- 33. China's new loansin Jan 2018 surge to record $458.3 billion. 5X the previous month. h#ps://www.cnbc.com/2018/02/12/chinas-‐new-‐loans-‐in-‐jan-‐surge-‐to-‐record-‐2-‐point-‐9-‐trillion-‐yuan-‐blow-‐past-‐forecasts.htmlv h#ps://tradingeconomics.com/china/banks-‐balance-‐sheet
- 34. SenseTime + Rong360 partnership provides identity verification service for fast loan products including liveiness detection, ID and credit card recognition.
- 35. Trend 5 –AI & Pig Farming
- 36. China’s pork marketis valued at $220 billion. 2X the size of its smartphone market. h#ps://www.techinasia.com/talk/alibaba-‐invesFng-‐ai-‐pigs
- 37. Alibaba uses AIto track all of the pigs' vital signs, pregnancy, sickness, sleeping and eating schedule and their mood h#ps://www.forbes.com/sites/baymclaughlin/2018/02/14/this-‐week-‐in-‐china-‐tech-‐alibaba-‐brings-‐ai-‐to-‐pig-‐farming-‐and-‐retail-‐tech-‐on-‐the-‐rise/#28db717935e1
- 38. If you dointelligent pig-raising well, you will wed a beautiful wife soon h#ps://www.techinasia.com/talk/alibaba-‐invesFng-‐ai-‐pigs
- 39. Trend 6 –AI & Robots
- 40. China’s intelligent servicerobots market will reach $15.84 billion yuan by 2019 h#ps://www.staFsta.com/staFsFcs/641439/china-‐intelligent-‐service-‐robot-‐market-‐volume/
- 41. Alibaba 0.7 acreswarehouse is powered by 60 delivery self-charging robots. Each robot can travel up to 5 feet per second & carry 1322 pounds h#p://www.dailymail.co.uk/news/arFcle-‐4754078/China-‐s-‐largest-‐smart-‐warehouse-‐manned-‐60-‐robots.html
- 42. Chinese robot dentistis the world’s first to perform 3D-printed teeth implants in patient’s mouth without any human involvement h#p://www.dailymail.co.uk/news/arFcle-‐4754078/China-‐s-‐largest-‐smart-‐warehouse-‐manned-‐60-‐robots.html
- 45. Trend 7 –AI & Healthcare
- 46. China also doesn’thave enough doctors. While the OECD average is 3.19 doctors for every 1,000 people, China only have 2.22 doctors h#ps://technode.com/2018/02/11/tencent-‐medical-‐ecosystem/
- 47. Some parents standin line the whole night and fill the registration hall of Nanjing Children's Hospital to enroll their children h#p://europe.chinadaily.com.cn/epaper/2015-‐01/23/content_19383040.htm
- 48.
- 49. WeChat Intelligent Healthcareallows users to book appointments, make medical payments with over 38,000 medical facilities in China. h#ps://technode.com/2018/02/11/tencent-‐medical-‐ecosystem/
- 50. Trend 8 –AI & Travel
- 52. Chinese tourists made4.53 billion trip in 2017. Chinese international tourists is expected to grow to 200 million by 2020. h#p://www.scmp.com/business/china-‐business/arFcle/2130421/chinas-‐tourist-‐numbers-‐rise-‐year-‐acer-‐record-‐45b-‐trips-‐2017
- 55. Sogou Travel Translatorreceives over 200M daily voice requests, approximately 240,000 hours of data with 97% translation accuracy h#ps://www.prnewswire.com/news-‐releases/sogou-‐launches-‐ai-‐powered-‐sogou-‐travel-‐translator-‐300588124.html
- 56. Over 500 millionChinese use iFlytek voice input via its 400,000 developers in various industries such as smart home and mobile Internet h#ps://www.technologyreview.com/s/608841/why-‐500-‐million-‐people-‐in-‐china-‐are-‐talking-‐to-‐this-‐ai/
- 57. Trend 9 –Blockchain in China
- 58. Chinese People areCrazy about Cryptocurrency….
- 62. A few Chinesecryptocurrencies have reached over $1 billion in market cap including NEO, QTUM, EOS, TRON, etc h#ps://coinmarketcap.com/coins/
- 63. Binance, OKex, Huobiare the top 3 crypto exchanges in the world with over $1 billion in daily trading volume h#ps://coinmarketcap.com/coins/
- 64. 投资家 tracks over 150Crypto hedge funds in and outside of China h#p://www.investorscn.com/tag/qkl/
- 65. Chinese Government SupportsBlockchain Technology and launched $1 billion Blockchain Fund h#ps://www.coindesk.com/1-‐billion-‐blockchain-‐fund-‐launches-‐with-‐chinese-‐government-‐backing/ h#ps://www.cnbc.com/2018/05/30/chinese-‐president-‐xi-‐jinping-‐calls-‐blockchain-‐a-‐breakthrough-‐technology.html
- 66. Nine China FrontierTechnology Trends 1. Baidu leads China's autonomous car effort 2. Alibaba leads China’s eCommerce AI effort 3. AI helps the annual 2.9 billion human migration challenge 4. Sensetime and Face++ lead AI effort for financial industries 5. AI helps $220 billion pork industry and food safety challenge 6. China’s service robots market will reach $2.5 billion by 2019 7. Tencent leads China's healthcare AI effort 8. iFlytek leads China's voice recognition effort 9. Chinese Government supports blockchain but not Cryptocurrency
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