Sinovation Ventures boosts bet on AI as China aspirations grow

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Photo: Reuters

For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the startups packed up and moved out. The desks were promptly taken over by employees of Sinovation Ventures’ latest growing endeavor, an in-house AI Institute.

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