Alphabet Inc Returns To China With Million Investment In Mobvoi

Alphabet Inc Returns To China With $60 Million Investment In Mobvoi Alphabet Inc. (NASDAQ:GOOG), after a brief hiatus in China, seems to have made a return to the second-largest economy, with an investment of more than $60 million in Mobvoi, a startup specializing in Artificial intelligence (AI). The investment is for the minority stake in the Beijing-based startup, with the controlling stake resting with the company itself. This investment signals the return of Google to China after a five year absence. Ironically, Mobvoi which was founded in 2012 by former employees of Google, specializes in making Chinese language voice recognition software for various platforms. This includes iOS, Android, Google Glass devices, and Android Wear amongst others. The search-and-smartwatch company boasts of two million active users, a smartwatch called Ticwear, and…


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