Hillhouse leads $55m round for China AI developer Yitu
Hillhouse Capital has led a RMB380 million ($55 million) Series C round of funding for Yitu Technology, a Shanghai-based artificial intelligence (AI) technology developer.
Existing investors including Yufeng Capital, Sequoia Capital, Banyan Capital, and ZhenFund also took part in the round. Yitu was founded in 2012 by Long Zhu, who has a PhD in statistics from the University...
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