An employee walks past signage displayed inside iFlytek’s regional headquarters in Guangzhou, China. Photo: Bloomberg
Tech /  Enterprises

China’s voice recognition champion iFlytek gets US$407 million funding boost from state investors

  • Company to invest 2.05 billion yuan in its AI speech platform, with 1.18 billion yuan coming from proceeds of the private placement
Topic |   Artificial intelligence
Sarah Dai
Sarah Dai in Beijing

Updated: 12:00pm, 17 Jul, 2019

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An employee walks past signage displayed inside iFlytek’s regional headquarters in Guangzhou, China. Photo: Bloomberg
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Sarah Dai

Sarah Dai

Sarah Dai, based in Beijing, covers technology and capital flows in the world of start-ups in Greater China. Previously, she worked as financial correspondent for Caixin Media in Hong Kong for over two years and wrote for China Daily in Beijing and London.