Sun, Jan 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Singapore hedge fund says artificial intelligence is the next big thing with China as 'outright winner'

Wednesday, January 31, 2018

Komfie Manalo, Opalesque Asia:

Artificial intelligence is the next big thing in finance and China "will be a podium finisher here if not the outright winner," claims Singapore-based fund management firm APS Asset Management.

In his latest note to investors, APS Asset Founder and CIO Wong Kok Hoi, said that China's recent rise has been led by champions in the areas of e-commerce, artificial intelligence (AI), and FinTech that stretch beyond household names such as Alibaba, Tencent, and Baidu. However, the trio to account for a quarter of China's AI talent today. China is already globally competitive in consumer electronics, mobile handsets, and telecom equipment.

Wong stated, "We believe that China's growth engine for this coming decade will be innovation in the high technology space, especially in artificial intelligence. China's national strategy is to combine it with the internet of things as well as big data, to modernize the economy, improve productivity and pull away from other countries. Powered by government policy support, an abundance of capital, a huge domestic market, a large pool of seasoned entrepreneurs, and the gigantic pool of STEM (science, technology, engineering and mathematics) graduates every year, China's odds of success are very high."

The hedge fund noted that for the first time, Chinese telco equipment manufacturers like Huawei are participating in the formulation of international 5G tr......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The SPAC shareholder class action boom is coming, SPACs have a hidden risk that investors need to know about[more]

    The SPAC shareholder class action boom is coming From Reuters: I'm not the first to predict it, but the past few weeks have brought unmistakable signs that shareholder class action firms are homing in on Special Purpose Acquisition Companies, those so-called blank-check entities that g

  2. SPACs: Jeremy Grantham: "SPACs should be illegal", Spacs may fuel European IPO boom, SPAC IPOs surge, The SPAC pop is now a thing: More unicorns getting on board, Paysafe readies $9bn IPO Via SPAC[more]

    Jeremy Grantham: "SPACs should be illegal" Special-purpose acquisition companies (SPACs) should be illegal, according to Jeremy Grantham, as they escape regulatory oversight and encourage the "most obscene type of investing." Grantham is the co-founder and chief investment strategi

  3. News Briefs: What if data scientists had licenses like lawyers?, Next generation behind family offices' ESG push[more]

    What if data scientists had licenses like lawyers? From Bloomberg: Data scientists, if they're poorly qualified or act irresponsibly, can do at least as much damage as lawyers and doctors. The algorithms they create can ruin lives, aggravate social divisions, even facilitate genocide.

  4. SPACs: SPAC costs are 'far higher' than previously realized, study finds, Jim Cramer recommends profit taking in speculative electric SPAC names.[more]

    SPAC costs are 'far higher' than previously realized, study finds From Institutional Investor: The costs of going public via a special-purpose acquisition company are both "opaque and far higher" than previously recognized, new research shows. SPAC shares tend to drop by one third or

  5. Institutional Investors: Pensions swamped in a sea of negative real rates, Bahrain's pension fund authority faces collapse[more]

    Pensions swamped in a sea of negative real rates From FA Mag: Defined-benefit pension plans were already barely treading water heading into 2020. In the years ahead, the risk is as great as ever that a large swath of them will drown. As the name implies, defined-benefit pensions promis