Shang Tang stated that C-round financing was led by Alibaba Group, Singapore’s sovereign fund Temasek, Suning and other investment institutions and strategic partners and investment. Business Tangzhi, attracting outstanding investors to invest in shares, is the development of Shangtang’s artificial intelligence platform. An important part of this round of investors, this round of investors will be able to bring comprehensive strategic value to Shangtang, provide a richer application scenario for Shangtang, and a stronger overseas distribution capability, accelerate the landing of AI technology.
Ali expects to inspire more innovation and create value for society
Cai Chongxin, executive vice president of Alibaba Group, stated that Shangtang Technology actively expands the field of artificial intelligence, especially in deep learning and visual computing, and its scientific research capabilities are impressive. Cai Chongxin also believes that Alibaba’s investment in artificial intelligence has been its The business brings significant benefits. It is expected that the strategic cooperation with Shangtang Technology will inspire more innovation and create value for the society.
As for Shang Tang co-founder, CEO Xu Lizhi, as the world’s leading artificial intelligence platform company, this round of financing will further strengthen the company’s leading position in the field of artificial intelligence, strengthen the upstream and downstream industry chain, and deepen Shangtang's role in the artificial intelligence industry. Chain layout.