China-based artificial intelligence chipset developer Cambricon Technologies has secured hundreds of millions of dollars in series B funding from investors including e-commerce firm Alibaba, China Money Network reported today.
SDIC Venture Capital, a subsidiary of state-owned investment holding firm China Reform Holdings, co-led the round with the Chinese government-owned Capital Venture Investment Fund and its vehicle Guoxin Qidi Fund.
CICC Capital, Citic Securities Goldstone Investment Fund and TCL Capital, a fund owned by academic governing body and think tank Chinese…
