Alibaba said to join $600m round for AI startup Megvii

Alibaba said to join $600m round for AI startup Megvii

Alibaba.com Ltd. bags. Photographer: Andrew Harrer/Bloomberg

Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to people familiar with the matter.

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