Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1