Published: Chinese smart lock start-up YunDing Network Technology raised CNY600m ($87m) from an investment by internet search operator Baidu to expand into the market for smart home devices. The deal meant Baidu would also offer its AI and smart cloud technologies to help YunDing’s expansion. Baidu said AI could revolutionise smart locks. The deal marked the company’s latest venture into home AI. In a statement, Baidu said: “Baidu’s investments in China are part of our long-term strategy to build world-class technology companies that will be at the forefront of China’s economic growth over the next decad@@
Chinese smart lock start-up YunDing Network Technology raised CNY600m ($87m) from an investment by internet search operator Baidu to expand into the market for smart home devices. The deal meant Baidu would also offer its AI and smart cloud technologies to help YunDing’s expansion. Baidu said AI could revolutionise smart locks. The deal marked the company’s latest venture into home AI. In a statement, Baidu said: “Baidu’s investments in China are part of our long-term strategy to build world-class technology companies that will be at the forefront of China’s economic growth over the next decad@@