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China Frontier Tech Report 2018 by Edith Yeung at Code Conference

9 China Frontier Technology 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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China Frontier Tech Report 2018 by Edith Yeung at Code Conference

  1. 1. State of China’s AI Blockchain Autonomous Vehicle 中国人工智能趋势 Edith Yeung May 30, 2018
  2. 2. Selected by Inc's Magazine 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 |
  3. 3. 人工智能 Artificial Intelligence 人工智能   Blockchain 区块链   Autonomous Car 无人驾驶汽车  
  4. 4. China Internet Users by 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://  
  5. 5. Chinese (Government) is the biggest venture capital firm In the world. $231 billion worth of government-backed venture funds raised. In the past 3 years. h#p://­‐venture-­‐capital-­‐china/  
  6. 6. In 2017, venture capitalists invested $15.2 billion invested in AI startups globally. 48% went to Chinese AI startups h#ps://­‐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
  7. 7. h#p://­‐07/20/content_5211996.htm       Notification of a new generation of artificial intelligence development plan
  8. 8. h#p://­‐tech/arFcle/2120913/china-­‐recruits-­‐baidu-­‐alibaba-­‐and-­‐tencent-­‐ai-­‐naFonal-­‐team   China government recruited and announced their very own AI national teams
  9. 9. Baidu 百度 Alibaba 阿里巴巴 Tencent 腾讯
  10. 10. 9 China Frontier Technology Trends The latest AI, blockchain, robotics and autonomous car trends in China
  11. 11. Trend 1 – Autonomous Car
  12. 12. Air pollution is killing about 4400 people in China every single day h#p://­‐content/uploads/2015/08/China-­‐Air-­‐Quality-­‐Paper-­‐July-­‐2015.pdf  
  13. 13. China now has over 300 million vehicles ... that’s almost America’s total population, but only 1 million electric vehicle h#ps://­‐electric-­‐vehicle-­‐sales-­‐seen-­‐hiNng-­‐1-­‐million-­‐milestone-­‐2018/   h#p://­‐more-­‐300-­‐million-­‐vehicles-­‐drive-­‐polluFon-­‐congesFon  
  14. 14. h#ps://­‐Insights_State-­‐AI-­‐China-­‐Briefing.pdf?   In April 2017, Baidu announced, Apollo - open platform for autonomous driving solutions
  15. 15. Baidu and Chery will jointly roll out L3 self- driving cars in China by 2020
  16. 16. Baidu and Access Services (paratransit agency in LA) plan to launch new autonomous driving pilot in the U.S by end of 2018 h#ps://­‐teams-­‐with-­‐us-­‐paratransit-­‐agency-­‐on-­‐la-­‐self-­‐driving-­‐pilot/  
  17. 17. Baidu launched $1.5 billion Apollo Fund
  18. 18. Trend 2 – AI for Shopping
  19. 19. Chinese Like to Shop a LOT…
  20. 20. China is the World’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://­‐Spending-­‐of-­‐Chinas-­‐Online-­‐Shoppers-­‐Top-­‐1800-­‐2017/1015731    
  21. 21. 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://­‐cracks-­‐down-­‐17-­‐trillion-­‐fake-­‐goods-­‐market/96633850/  
  22. 22. Trend 3 – AI & Transportation
  23. 23. 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://  
  24. 24. In Wuhan, passengers just needs to look at a gate with a camera ID cards for verification. h#p://­‐lends-­‐brain-­‐muscle-­‐chinas-­‐new-­‐year-­‐travel-­‐rush/  
  25. 25. More than six million Chinese nationals had been banned from flying due to bad “social credit” include failure to pay fines or social security insurance. h#ps://­‐travel-­‐ban-­‐bad-­‐social-­‐credit-­‐from-­‐planes-­‐trains/  
  26. 26. Trend 4 – AI & Finance
  27. 27. In 2016, over 8 billion “red envelopes” were sent over WeChat during Chinese New Year h#ps://­‐8-­‐billion-­‐red-­‐envelopes-­‐were-­‐sent-­‐over-­‐wechat-­‐during-­‐chinese-­‐new-­‐year/  
  28. 28. China's new loans in Jan 2018 surge to record $458.3 billion. 5X the previous month. h#ps://­‐new-­‐loans-­‐in-­‐jan-­‐surge-­‐to-­‐record-­‐2-­‐point-­‐9-­‐trillion-­‐yuan-­‐blow-­‐past-­‐forecasts.htmlv   h#ps://­‐balance-­‐sheet  
  29. 29. SenseTime + Rong 360 partnership provides identity verification service for fast loan products including liveiness detection, ID and credit card recognition.
  30. 30. Trend 5 – AI & Pig Farming
  31. 31. China’s pork market is valued at $220 billion. 2X the size of its smartphone market. h#ps://­‐invesFng-­‐ai-­‐pigs  
  32. 32. Alibaba uses AI to track all of the pigs' vital signs, pregnancy, sickness, sleeping and eating schedule and their mood h#ps://­‐week-­‐in-­‐china-­‐tech-­‐alibaba-­‐brings-­‐ai-­‐to-­‐pig-­‐farming-­‐and-­‐retail-­‐tech-­‐on-­‐the-­‐rise/#28db717935e1  
  33. 33. If you do intelligent pig-raising well, you will wed a beautiful wife soon h#ps://­‐invesFng-­‐ai-­‐pigs  
  34. 34. Trend 6 – AI & Robots
  35. 35. China’s intelligent service robots market will reach $15.84 billion yuan by 2019 h#ps://­‐intelligent-­‐service-­‐robot-­‐market-­‐volume/  
  36. 36. Alibaba 0.7 acres warehouse is powered by 60 delivery self-charging robots. Each robot can travel up to 5 feet per second & carry 1322 pounds h#p://­‐4754078/China-­‐s-­‐largest-­‐smart-­‐warehouse-­‐manned-­‐60-­‐robots.html  
  37. 37. Chinese robot dentist is the world’s first to perform 3D-printed teeth implants in patient’s mouth without any human involvement h#p://­‐4754078/China-­‐s-­‐largest-­‐smart-­‐warehouse-­‐manned-­‐60-­‐robots.html  
  38. 38. Trend 7 – AI & Healthcare
  39. 39. China also doesn’t have enough doctors. While the OECD average is 3.19 doctors for every 1,000 people, China only have 2.22 doctors h#ps://­‐medical-­‐ecosystem/  
  40. 40. Some parents stand in line the whole night and fill the registration hall of Nanjing Children's Hospital to enroll their children h#p://­‐01/23/content_19383040.htm  
  41. 41. h#ps://­‐Insights_State-­‐AI-­‐China-­‐Briefing.pdf  
  42. 42. WeChat Intelligent Healthcare allows users to book appointments, make medical payments with over 38,000 medical facilities in China. h#ps://­‐medical-­‐ecosystem/  
  43. 43. Trend 8 – AI & Travel
  44. 44. Chinese tourists made 4.53 billion trip in 2017. Chinese international tourists is expected to grow to 200 million by 2020. h#p://­‐business/arFcle/2130421/chinas-­‐tourist-­‐numbers-­‐rise-­‐year-­‐acer-­‐record-­‐45b-­‐trips-­‐2017  
  45. 45. Sogou Travel Translator receives over 200M daily voice requests, approximately 240,000 hours of data with 97% translation accuracy h#ps://­‐releases/sogou-­‐launches-­‐ai-­‐powered-­‐sogou-­‐travel-­‐translator-­‐300588124.html  
  46. 46. Over 500 million Chinese use iFlytek voice input via its 400,000 developers in various industries such as smart home and mobile Internet h#ps://­‐500-­‐million-­‐people-­‐in-­‐china-­‐are-­‐talking-­‐to-­‐this-­‐ai/  
  47. 47. Trend 9 – Blockchain in China
  48. 48. Chinese People are Crazy about Cryptocurrency….
  49. 49. A few Chinese cryptocurrencies have reached over $1 billion in market cap including NEO, QTUM, EOS, TRON, etc h#ps://  
  50. 50. Binance, OKex, Huobi are the top 3 crypto exchanges in the world with over $1 billion in daily trading volume h#ps://  
  51. 51. 投资家 tracks over 150 Crypto hedge funds in and outside of China h#p://  
  52. 52. Chinese Government Supports Blockchain Technology and launched $1 billion Blockchain Fund h#ps://­‐billion-­‐blockchain-­‐fund-­‐launches-­‐with-­‐chinese-­‐government-­‐backing/   h#ps://­‐president-­‐xi-­‐jinping-­‐calls-­‐blockchain-­‐a-­‐breakthrough-­‐technology.html    
  53. 53. Nine China Frontier Technology 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
  54. 54. Final thoughts…
  55. 55.   @edithyeung #newsletter Follow me at …