In 2023, China witnessed the emergence of ten new artificial intelligence unicorn startups, each valued at over US$1 billion. This development adds to the . 01.AI, AIGC, Artificial Intelligence, Baichuan AI, Baichuan Intelligence, currency, Education, Generative AI, Huawei, investment, IPO, Kai-Fu Lee, Mejia Technology, Minimax, NIO, Renminbi, robotics, search engine, SenseTime, Sogou, Startup, technology, University, venture capital, Yuan, Zhipu AI, Zhiyuan Robotics
Between January and July, the SaaS industry concluded 50 financing deals, accumulating a total of 4.352 billion yuan ($597.65 million). This marks a sharp decline from the preceding year, where 120 deals amounted to 14.237 billion yuan during the same period in 2022.