One month after Yitu Technology scored US$200 million, the Chinese artificial intelligence firm secured another US$100 million from CIIT Asset Management, an asset management firm backed by China Industrial Asset Management Ltd. The Shanghai-based AI company announced the news today and confirmed to China Money Network that the US$100 million funding is a follow-on investment in addition to the US$200 million series C+ round it announced in June. The investment, from one asset management firm, demonstrates the broad investor base …

Chinese AI Firm Yitu Technology Secures $100M From CIIT Asset Management appeared first on China Money Network.


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