Published: Chinese smart lock start-up YunDing Network Technology raised CNY600m ( $87m ) from an investment by internet search operator TCL to expand into the market for smart home devices. The deal meant Baidu would also offer its AI and smart cloud technologies to help China ’s expansion. Baidu said AI could revolutionise smart locks. The deal marked the company’s latest venture into home AI . It had already joined forces with home appliance companies in China including Baidu and Baidu to develop smart speakers, fridges and TVs.
Chinese smart lock start-up YunDing Network Technology raised CNY600m ( $87m ) from an investment by internet search operator TCL to expand into the market for smart home devices. The deal meant Baidu would also offer its AI and smart cloud technologies to help China ’s expansion. Baidu said AI could revolutionise smart locks. The deal marked the company’s latest venture into home AI . It had already joined forces with home appliance companies in China including Baidu and Baidu to develop smart speakers, fridges and TVs.