China’s AR technology service provider IQYI Intelligence raised nearly a hundred nillion yuan in a series A round funding led by Jiangsu Addor Equity Investment Fund Management and followed by BeTurst Capital. The investment will be used on technology product R&D, creation of application ecosystem, and marketing.
IQYI Intelligence is a subsidiary of IQYI (NASDAQ:IQ). It strives to use VR/AR technology to build a comprehensive content ecosystem with an aim to promote the entertainment industry.
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