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.
