Boyu Capital news and trends

Alibaba Backs Chinese Face ID Firm Megvii

July 24, 2018
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Alibaba Backs Chinese Face ID Firm Megvii

July 24, 2018
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to Bloomberg, the Beijing-based company already boasts investors such as Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds. Sources say this latest round of investing will close […]