Mo's company has now invested more than 40 million yuan (about .72 million) in automation equipment, and the workforce is expected to drop by 1,000 without reducing the capacity.
Minieye, a visual perception solution provider for vehicles, announced on Monday the completion of the B round of financing, thus receiving a total of 150 million yuan (.3 million) capital injection in the first six months this year.
Microlenders specialize in providing small loans for borrowers such as small and microenterprises, and rural residents, who have difficulty securing loans from traditional banks because they lack collateral or credit records.
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Monitoring data has been applied to serve groundwater protection, land space planning and water resources management, providing data basis for scientific research on groundwater resources and environment.
Microsoft is next on the list, spawning 14 founders who have attracted 9 million. Its alumni who’ve gone on to raise money include the founders of Wishpot, Z2Live, Zoosk and PubMatic.
Microsoft has been criticized for attempting to win royalties from companies implementing Android and other competing technologies, but the company says it has also paid out more than .5 billion in royalties itself and struck more than 700 patent licensing deals in the past decade.
Michalis Maniatis [Photo provided to China Daily]