Steven Hu, founding partner of INCE Capital, was listed as "China’s Top 100 Investors in Artificial Intelligence in 2020" by Qiming Technology and New Vioce 24.
This award acknowledges Mr Steven Hu’s accomplishment as an individual investor, as well as the achievements of INCE Capital in the past year. At INCE Capital, we will continue to apply our rich investment experience in the field of intelligent technology to finding insight and exploring innovation, empowering great enterprises of the future.
(The following text is from the official WeChat account of New Voice 24: NewVoice24)
China has made several important deployments of accelerating the establishment of “new infrastructure”. In April, the National Development and Reform Commission officially explained the concept and connotation of "new infrastructure": it includes information infrastructure, integration infrastructure and innovation infrastructure. Among them, artificial intelligence (AI) will be one of the key elements in the construction and layout of new technology infrastructure.
According to the statistics from Qi Ming Pian Pro, China's artificial intelligence industry began to attract investors in around 2013. A large amount of capital inflow resulted in a period of rapid growth both in terms of the number and capital amount of investment and financing. After several years of development, the number and capital amount of investment and financing in the artificial intelligence industry began to fall in 2019. Affected by various factors, the investment in the whole industry returned to rationality. Among the sub-sectors of the industry, technologies such as computer vision, natural language processing and deep learning are still the investment focus of the industry, accounting for 38% of total investment, followed by "hard" projects represented by AI chips which accounted for 25%. Ranking the third is AI industry application, accounting for 17%.
China's artificial intelligence market has maintained a high growth rate in recent years. The focus of artificial intelligence technology has gradually shifted from early research and capital investment to industry applications. The application of artificial intelligence is also increasingly used in different industries, taking an increased market share in industries such as medical, security, finance, education etc.
In order to better understand the development and application of artificial intelligence technology in China, and identify rapidly growing enterprises and best investors in the field of artificial intelligence, [New Voice 24] has recently launched a nomination of the Top 100 Rapidly Growing Enterprises in China's Artificial Intelligence Industry in 2020, and the Top 100 Best Investors in China's Artificial Intelligence Industry in 2020. The final list was decided upon deliberation and is a trusted list in the industry.
