Google invests in Chinese startup for the first time in five years
Google invests a portion of 75 million dollars in the next round of financing startup Movboi Inc., a voice search which replaced Google Now in the Moto 360 smart watches in China.
This is the company's first investment in a Chinese startup since 2010, when Google products were banned in the country.
Startup Movboi Inc. develops voice search and speech recognition technology. The second direction of the company is wearable electronics: in June 2015, sales of Ticwatch watches began - “the first fully Chinese smart watches” working on the Ticwear operating system.
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Investors in the next round of financing led by Google estimate the company at $ 300 million. The startup will send funds to work in the field of artificial intelligence and robotic search.
The head of Google, Sundar Pichai, does not hide the fact that he wants to resume the company's presence in the People's Republic of China and to launch the Google Play application store in the country, which is now banned there.
This is the company's first investment in a Chinese startup since 2010, when Google products were banned in the country.
Startup Movboi Inc. develops voice search and speech recognition technology. The second direction of the company is wearable electronics: in June 2015, sales of Ticwatch watches began - “the first fully Chinese smart watches” working on the Ticwear operating system.
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Investors in the next round of financing led by Google estimate the company at $ 300 million. The startup will send funds to work in the field of artificial intelligence and robotic search.
The head of Google, Sundar Pichai, does not hide the fact that he wants to resume the company's presence in the People's Republic of China and to launch the Google Play application store in the country, which is now banned there.
Source: https://habr.com/ru/post/295554/
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