China’s AI startups head to Singapore in a bid for global growth

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Singapore: When Wu Cunsong and Chen Binghui founded their artificial intelligence (AI) startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.

This March, they did what scores of other Chinese AI firms have done and moved their company, Tabcut, 4,023km south-west to Singapore.