The Chinese e-commerce giant is keen on owning a sizeable stake but has no interest in exerting control over the artificial intelligence startup, the person said, asking not to be identified discussing a private deal.
HONG KONG: Alibaba Group Holding Ltd is in discussions to invest about 1.5 billion yuan (US$227mil) and become the largest backer of Chinese facial recognition startup SenseTime, according to a person familiar with the matter.
The Chinese e-commerce giant is keen on owning a sizeable stake but has no interest in exerting control over the artificial intelligence startup, the person said, asking not to be identified discussing a private deal.
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