Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Chinese Carmaker Dongfeng Pilots Robotaxi Service in Wuhan
Trending in China: China Show Love For Beijing-Born Chloe Zhao and her Historic Golden Globes Win
Tencent Invests in Tim Hortons as Canadian Coffee Chain Embraces Digitalization
ByteDance Seeks to Grow Online Education Business with New Recruitment Drive
Pinduoduo Faces Work Culture Questions After Staff Deaths
Investment Gains Boost Tesla Challenger Li Auto to First Profit
Geely-Backed Smart Vehicle Tech Startup Eyes Global Expansion With New Funding
Foxconn Deepens Push Into Electric Car Manufacturing with Fisker Partnership
Flying Carmaker EHang Completes Cold-Weather Test Flights in Beijing
China Outspends Rest of the World on 5G Infrastructure By 2-to-1
Chinese Ride-Sharing Giant Didi Plans Entry Into Europe
Video Streamer Bilibili’s Revenue Nearly Doubles, Shares Rise
Forbes Names China’s Top 100 Businesswomen of 2021 With 40 New Entries
China’s Electric Vehicle Sales Expected to Grow 51% This Year, Research Firm Says
Chip Startup Horizon Robotics Joins Hands with Automaker to Develop Smart Cars
Chinese Copycats Rush in as Clubhouse is Blocked in China
Honor of Kings Retains Top Spot as World’s Highest-Earning Mobile Game
Trending in China: Employee Punished After Gaining Beijing Residency Rights Then Quitting Firm
Industrial Software Startup Eyes Southeast Asia With Latest Funding
Alibaba-Backed Lender MYBank is One of First Privately Owned Banks to Join Digital Yuan Pilot
Kai-Fu Lee’s Remarks Set Off Firestorm Over Facial Recognition

Mo Yelin and Han Wei / Sep 15, 2020 04:59 PM / Business & Tech

Kai-Fu Lee, a renowned investor and artificial intelligence (AI) technology advocate, apologized after stoking public concerns by appearing to say that China’s largest fintech group may share users’ facial data with business partners.

In a speech Saturday at a tech forum in Beijing, Lee — the chairman and chief executive officer of Sinovation Ventures — related how he facilitated the development of a facial recognition startup called Megvii Technology Ltd. in which Sinovation is an investor.

Lee said his company played a role in helping Megvii to seek early-stage partners including Ant Group Co. Ltd. and selfie app operator Meitu Inc. He said Megvii collected facial data from these partners for industry analysis. In a statement to Caixin commenting on the controversy, Anita Huang, operating partner of Sinovation Ventures said, “Lee’s public remarks were oversimplified and resulted in miscommunication.”

Read the full story here on Caixin Global .

Contact reporter Mo Yelin (

Share this article
Open WeChat and scan the QR code