Kai-fu Lee is a Chinese venture capitalist and popular microblogger best known for his role as founding president of Google China. He has also held high-technology executive positions at Apple, SGI and Microsoft. Born on December 3, 1961, Lee went on to create the world's first speaker-independent, continuous speech recognition system as his Ph.D. thesis at Carnegie Mellon. In 2009 he co-founded Innovation Works, a venture capital fund for Chinese internet start-ups.
The city has seen a brain drain in recent years and this is a huge challenge, according to Lee.
XAG gets an influx of new cash from Baidu, SoftBank and others as competition in the agricultural drone market remains heated thanks to competition from DJI.
Founded in 2009, Sinovation Ventures was one of the first Chinese VC firms with a presence in the US.
The 51-year-old former president of Google China was in stable condition after being diagnosed with lymphoma, said Wang Zhaohui, co-founder of Innovation Works, a Beijing-based business incubator and venture capital fund for internet start-ups. Lee had about 20 tumours, mainly in his abdomen area, Wang said.
Former Google China president Kai-Fu Lee says he was temporarily banned from posting items on two of the mainland's most popular microblogging platforms. Without saying why he was banned, Lee posted a message on Twitter on Sunday saying: "I am silenced on Sina and Tencent [microblogs] for three days, so everyone can find me here."