Qualcomm has recently revealed that it will invest in nine Chinese startups through its venture capital arm, Qualcomm Venture Capital. This initiative is part of the $150 million China Strategic Investment Fund launched by the company back in 2014. The fund aims to support innovative tech companies across various sectors, particularly those focused on artificial intelligence, the Internet of Things, and smart technology.
Among the companies receiving funding are Shang Tang Technology, a leader in AI; Mobike, a major player in the shared bike industry; Chuangtong Electronics, which specializes in wireless connectivity solutions; Nai-ai Artificial Intelligence, a provider of edge AI solutions; Zero Elements, an operator of unmanned convenience stores; Metco Technologies, offering innovative educational solutions; Mirage Technology, combining AI with VR/AR content; Elekki, a provider of immersive English learning environments; and Kemei, which focuses on agricultural big data and intelligent services.
Quinn Li, Vice President of Qualcomm and Global Managing Director of Qualcomm Venture Capital, emphasized the importance of this investment: “By providing financial, technical, and business support, we aim to help these startups turn their ideas into reality. These investments reflect our commitment to fostering innovation in key emerging technologies like AI and IoT.â€
This move highlights Qualcomm’s growing interest in the Chinese tech ecosystem and its confidence in the potential of these startups to drive future technological advancements. As the tech landscape continues to evolve, Qualcomm remains dedicated to supporting innovation and shaping the future of connected experiences.
Stay tuned for more updates on Qualcomm’s developments in virtual and augmented reality. For the latest news on VR/AR and related technologies, follow the official WeChat account “VR Platform†to get real-time insights and industry updates.
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