CDIB Capital Invests In Leading Chinese Artificial Intelligence CompanyHong Kong, January 18, 2018
CDIB Capital International Corporation (“CDIB Capital”), the private equity arm of China Development Financial ("CDF"), is pleased to announce that it has closed on an investment in Rokid Corporation Limited (“Rokid”), a Chinese developer of advanced voice recognition software, artificial intelligence technology, and smart home devices.
Founded in 2014 and headquartered in Hangzhou, Rokid is at the forefront of artificial intelligence technology. With full-stack technologies all developed in-house, the company has proprietary software and hardware designs leading to industry leading performance. Rokid’s technology features advanced artificial intelligence and deep learning that enriches user experiences by proactively delivering information, providing entertainment, and changing the way we interact with consumer devices. With the Chinese government’s plans for China to be a world leader in artificial intelligence technologies, we believe Rokid is well positioned to become a leading player.
“We are delighted to welcome CDIB Capital as a new investor in our company,” said Misa Zhu, Founder and CEO of Rokid. “They are the perfect partner in providing access to the Taiwanese technology and manufacturing eco-system, which will be helpful as Rokid continues its expansion.”
“China will undoubtedly be a key contributor to the global development of artificial intelligence,” said Lionel de Saint-Exupéry, Chairman and CEO of CDIB Capital. “We were impressed with Rokid’s industry leading technology as well as their world-class management team led by Misa. We believe that they have the attributes to become a major player in Chinese voice recognition software and AI more broadly. We are absolutely delighted to support Rokid in becoming a leading player in this incredibly exciting industry.”