Yin Qi started Megvii eight years ago in Beijing’s Zhongguancun tech hub, along with two of his classmates from Tsinghua University, with the goal of making the world a better place.
Today, the facial recognition algorithms developed by the Beijing-based start-up, which previously also went by the trade name Face++, have made it the world’s biggest provider of third-party authentication software. Its technology is widely used in China to unlock smartphones, make mobile payments, and verify identities at banks, train stations and airports.