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Shangtang's estimated revenue in 2019 is US $750 million. Oppo of millet uses its technology

via:博客园     time:2019/12/7 11:30:56     readed:45

原标题:Exclusive: China's SenseTime expects $750 mln 2019 revenue despite U.S. ban-sources

Netease technology news, Dec. 7 news, according to foreign media reports, according to two people familiar with the matter, Shang Tang technology, an AI start-up, expects its revenue to grow by more than 200% year-on-year in 2019, reaching about $750 million.

This shows strong demand for Shangtang technology, which is being used by smartphone makers Xiaomi and oppo, as well as companies such as China Mobile and Alibaba.

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However, Shangtang technology's forecast for sales growth in 2019 is far lower than the annual revenue growth from 2015 to 2017. The company said its annual revenue growth from 2015 to 2017 was 400%.

Shang Tang technology, which provides technology-based applications including facial recognition, video analysis and autonomous driving, is valued at more than $7.5 billion.

Another source said that Shang Tang technology has yet to disclose how the US ban will affect its supply chain, but its contingency plan includes developing its own AI chips.

Shangtang technology has been established for five years. Its strategic investors are Qualcomm ventures, a semiconductor giant in the United States. Other investors include vision fund, Hopu investment management company, Silver Lake partnership and Alibaba. (small)

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