Chinese AI major MiningLamp nets $300m Series E round led by Tencent, Temasek

Programming language codes. Source: Markus Spiske/Unsplash

Beijing-based big data and artificial intelligence (AI) major MiningLamp Technology on Friday announced the completion of $300 million in a Series E round of financing led by Chinese gaming and social networking giant Tencent and Singapore’s state-owned investment firm Temasek.

The Series E round attracted capital injection from Chinese online short video startup Kuaishou, said MiningLamp in a statement, adding that the investment will finance its R&D, market expansion, and talent recruitment with an aim to construct its data centre and intelligent marketing platform.

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