Chinese smartphone maker Coolpad raises $300 million
Chinese smartphone maker Coolpad has raised $300 million (â¹1,910 crore) from Shenzhen-based firm Power Sun Ventures to enhance its artificial intelligence (AI) capabilities. Coolpad CEO Jiang Chao said that the company aims to shift its focus from mobile business to AI-focussed technology company. The funding comes after Coolpad separated from its Chinese technology company partner, LeEco.