After Xiaomi and the US Mission, Hong Kong Exchanges hopes to welcome the third company with different rights. The artificial intelligence company defiance technology will be submitted on August 25th Application for listing.
The name of Defiance Technology may be somewhat unfamiliar to C-side users, but in fact we may have more or less exposure to the company’s technology in our daily lives, companies such as Ant Financial, Xiaomi, OPPO and vivo. Face recognition and smart camera technology use the technology of Vision Technology, a company dedicated to face recognition and deep learning is expected to become the “first share of AI.”
The company was founded in 2011. In the words of the founder Yin Qi in the open letter, “there is no shortage of winters. At that time, there were very few people who were optimistic about their prospects.” However, eight years later, Defiance Technology has grown into a $4 billion unicorn, completing nine rounds totaling $1.23 billion (RMB 7.46 billion).
It is worth mentioning that Ali and other companies are not only big customers who despise technology, but also become their major shareholder in the process of cooperation. Alibaba indirectly holds 14.33% shares of Vision Technology through Taobao China, Ant Financial Service The Hong Kong-owned wholly-owned subsidiary API holds a 15.08% stake in Vision Technology.
The business of Defiance Technology is divided into three parts: Personal Internet of Things, Urban Internet of Things and Supply Chain Internet of Things. The earliest commercialization and highest visibility is the personal Internet of Things. In 2016, Alipay launched the face payment function “Smile”. To pay is the Face++ technology of Vision Technology. The underlying technology of face recognition unlocking for mobile phones such as Xiaomi, vivo and OPPO is also from Face++. As of 2018, the contempt for the domestic Android market with face recognition exceeds the market share. 70%.
But in general, the technology of Vision Technology has not yet reached a large scale, and the number of customers of personal Internet of Things solutions and urban Internet of Things solutions adds up to less than 1,500 (excluding Face++ open platform), supply chain The customers of the Internet of Things simply did not disclose that artificial intelligence is still a business that burns money.
