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Media Contacts

Alibaba Group:
Deborah Tsui
+852 9372 2226
deborah.tsui@alibaba-inc.com

Crystal Liu
+852 6378 5626
crystal.liu@alibaba-inc.com

SenseTime:
June Jin
+86 13701366538
junejin@sensetime.com

Joyce Wu
+86 13911565212
wujingyu@sensetime.com

Hong Kong Science and Technology Parks Corporation:
Julia Cheung
+852 2629 6891
julia.cheung@hkstp.org

May 21, 2018

Alibaba, SenseTime and HKSTP Join Hands to Advocate the Hong Kong AI Development

Launch ceremony of the The HKAI Lab

Hong Kong, May 21, 2018 – Alibaba Group Holding Limited (NYSE: BABA), SenseTime and Hong Kong Science and Technology Parks Corporation (“HKSTP”) announced the launch of The HKAI Lab (“Lab”). As a not-for-profit initiative, The HKAI Lab aims to advance the frontiers of AI with cutting-edge technologies and expertise, empower startups to commercialize their new inventions, and inspire new ideas and knowledge sharing among academics, scientists and entrepreneurs in the field of AI. Alibaba Hong Kong Entrepreneurs Fund, established by Alibaba to support young entrepreneurs, and SenseTime will provide funding for the operation of the Lab.

The first initiative rolled out today by the Lab is a six-month Accelerator Program (“Program”). With support from Alibaba Cloud and HKSTP, the Program will provide funding, AI technologies, network and working space to prospective AI startups in Hong Kong as an effort to cultivate a local community of talent and startups in AI and data science.

Joe Tsai, Executive Vice Chairman of Alibaba Group, said, “Alibaba sees AI as a fundamental technology that will make a difference to society. We are pleased to partner with SenseTime and HKSTP to foster Hong Kong’s AI capabilities and elevate its technology profile in the region. We envision the Hong Kong AI Lab to be an open platform where researchers, start-ups and industry participants can collaborate and build a culture of innovation.”

Prof. Xiao’ou Tang, Founder of SenseTime, said, “We created The HKAI Lab together with Alibaba and HKSTP in support of the calling for developing the Greater Bay Area into a distinguished technological center. The Lab will serve as a platform to bridge the academia and the industry, apply AI technologies to traditional industries, and promote broader collaboration between Hong Kong and the mainland. With this platform and leading AI solutions from SenseTime, we aspire to create new opportunities for young people in Hong Kong.”

Mrs. Fanny Law, Chairperson of HKSTP said: “AI is a major technology focus for HKSTP. At Science Park, there are multiple AI R&D companies specialising in smart security, bio-tech, chatbots, fintech, smart logistics etc. Today, we are pleased to witness the launch of the HK AI Lab. The collaboration builds on the respective strengths of Alibaba, SenseTime and HKSTP, and also serves as a showcase of the partnership among the industry, academia, research and public bodies to drive innovation and technology.”

Starting September 2018, the Program will offer two intakes per year, providing funding and resources to about 10 successful startup applicants in each intake class. SenseTime will provide deep learning platform and AI solutions to prospective startups. They will also obtain cloud computing services, machine learning platform, and IT support including GPU-equipped high-performance computer resources from Alibaba Cloud, as well as access to technologies developed by Alibaba DAMO Academy, a global research program created by Alibaba Group. In addition, they will receive advice from the Lab’s advisory board which consists of leading AI scientists, entrepreneurs and academics. Through the Program and incubation support from the HKSTP’s Incu-Tech program, startups enrolled will receive free working space from HKSTP. The Program will start accepting applications from mid-June 2018.

For more information about the HKAI Lab Accelerator Program and requirements for applicants, please refer to the website: https://www.hongkongai.org.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Alibaba DAMO Academy, which stands for the “Academy for Discovery, Adventure, Momentum and Outlook,” is an innovative global research program set up by Alibaba Group to increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap.

Alibaba Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015. The Fund's mission is to help Hong Kong-based entrepreneurs and young people realize their dreams and visions for their businesses and communities.

About SenseTime
SenseTime is the world’s most highly valued artificial intelligence (AI) unicorn focused on computer vision and deep learning technologies. Its leading AI technologies have powered many industries such as smart city, smartphone, mobile Internet, automobile, finance, retail, and robotics, etc.. Its core technologies include face recognition, image recognition, character recognition, medical image recognition, video analysis and autonomous driving.

SenseTime boasts more than 400 leading strategic partners and customers including MIT, CUHK, Qualcomm, NVIDIA, Honda, Alibaba, Suning, China Mobile, UnionPay, Wanda, HNA, Huawei, Xiaomi, OPPO, vivo, Weibo, iFLYTEK, and so forth.

In April 2018, SenseTime raised $600 million in its series C round of funding and once again set a new record for a single round of financing in the global AI field. The company has offices in Hong Kong, Beijing, Shenzhen, Shanghai, Chengdu, Hangzhou, Kyoto, Tokyo and Singapore.

About Hong Kong Science and Technology Parks Corporation
Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science and Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyze innovations to deliver social and economic benefits to Hong Kong and the region.

Media Contacts

Alibaba Group:
Deborah Tsui
+852 9372 2226
deborah.tsui@alibaba-inc.com

 
Crystal Liu
+852 6378 5626
crystal.liu@alibaba-inc.com

SenseTime:
June Jin
+86 13701366538
junejin@sensetime.com

 
Joyce Wu
+86 13911565212
wujingyu@sensetime.com

Hong Kong Science and Technology Parks Corporation:
Julia Cheung
+852 2629 6891
julia.cheung@hkstp.org