TF in China this week – Will AI plus be a fundamental strategy for China’s tech companies?

Bringing you the latest financing highlights in the tech sector.

Alibaba invests in cloud computing and big data service provider Dt Dream, & more

Dt Dream provides integrated big data systems and cloud computing services to its partners in this Internet and big data era.

Krund secures Series A to build brilliant “brains” into its service robots, & more

Robotics startup Krund builds super “brains” for its robots to enable better interaction with humans.

Smart city management based on IoT lands Terminus USD 100 M in Series A+, & more

Terminus provides IoT solutions to build smart cities in China.

Xiaomi-backed fintech company Fumi Technology secures USD 14.5 M for Series A, & more

Xiaomi-backed fintech company Fumi Technology provides financial services globally based on AI and big data technology.

India’s AI based multilingual chatbot Vernacular.ai raises undisclosed amount, & more

The smart multilingual tool aims to solve India’s linguistic barrier problem for business owners.

China’s Uber for trucks, Huochebang, secures USD 156 M for Series B round, & more

Huochebang provides an Uber-type service in China aims to maximize the utility of cargo trucks.

BeeFly copies Mobike’s success with escooter rentals and secures USD 3 M, & more

BeeFly copies Mobike’s model of escooter rentals that enable residents to travel more than 3 km easily.

Original content catches on in China with Jianshu receiving USD 6 M, & more

China’s Medium Jianshu allows users to publish original written content on its blogging platform.

IoT sensor networking costs may be lowered with SENSORO securing Series B, & more

SENSORO aims to lower costs for IoT sensor networking with its devices and services.

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