China’s smart devices sector was valued at about US$14.4 billion yuan in 2017 by consultancy Zhiyan. Photo: SCMP handout

China’s smart home devices start-up gets US$54.4m from Citic PE and Baidu

Broadlink says the capital raised from the series D round will be used to expand AI and IoT businesses and for M&As

Topic |   Start-ups

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China’s smart devices sector was valued at about US$14.4 billion yuan in 2017 by consultancy Zhiyan. Photo: SCMP handout
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Jane Li

Jane Li

Jane Li is a reporter covering China’s economy and social trends. She graduated from the University of Hong Kong with a master's degree in journalism. Prior to SCMP, she worked for Bloomberg Businessweek and her stories have featured in MSNBC, Quartz and the Financial Times’ Chinese site.