Tokai Fuji Brokerage Says New Chinese AI Startup IPO Worth Over $1 Billion
OSAKA, Japan--(BUSINESS WIRE)--Aug 16, 2019--
Tokai Fuji Brokerage says that a new Chinese artificial intelligence company should be able to generate over 100 million in revenue by the end of next year and go public the following year.
Researchers and analysts from Tokai Fuji Brokerage have highlighted AInnovation, a company delivering Artificial Intelligence related services to corporate companies.
AInnovation clients already include the likes of huge companies such as Mars Inc., Nestle Sa, Carlsberg A/S, Foxconn Technology Group, Savings Bank of China Co, and more.
The Chinese start-up formed in early 2018, has recruited the best talent the industry had to offer. Their management team took a simple stance at looking into the sectors which needed artificial intelligence the most.
AInnovation has raised over $70 million U.S Dollars from private investors since the company was incorporated. The Chinese tech company already hosts numerous blue-chip clients, and are planning an expanding range of services offered in the future.
“We have seen recent IPOs in Asia outperform its counterparts in the more developed regions, even with market challenges it is only being seen as a good time to buy from retail investors.” said Michael Blackburn, Head of Capital Markets at Tokai Fuji Brokerage.
Many analysts believe that within the next two years, an Initial Public Offering could reach anywhere from $1 billion to $2 billion U.S Dollars.
“The company’s products could be a game-changer and efforts all align with what the Chinese government wants. This is to upgrade smart manufacturing capabilities and to compete with countries such as Switzerland and Germany.” commented Brain McCarthy, Head of Trading at Tokai Fuji Brokerage.
AInnovation is pioneering the future of Artificial Technology with some of its range of services including an AI Vending machine with facial recognition capabilities, with its high powered software that can also monitor retail shelves through image recognition. Its developers have also created a technology that can detect possible defects on a production line for manufactures.
About Tokai Fuji Brokerage - Headquartered in Osaka, Japan, Tokai Fuji Brokerage was established in 2004, and ever since then, we have assembled a robust and reputable reputation within the financial sector.
Tokai Fuji Brokerage currently boasts $7.63 billion US dollars of assets under management. Over the last 15 years, we have performed millions of financial transactions for our clientele.
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CONTACT: Francis Norio, Research Analyst
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KEYWORD: JAPAN ASIA PACIFIC
INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Tokai Fuji Brokerage
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PUB: 08/16/2019 05:04 AM/DISC: 08/16/2019 05:04 AM