Fosun RZ Capital Signals IoT as Reformer to Cause Arrival of Intelligent Era
Fosun RZ Capital | September 28, 2020
The IoT is the third technological revolution after computers and the Internet, connecting all surroundings in a shared environment to accomplish anthropomorphic perception and exchange of information. Cisco predicts that 50 billion IoT devices will be put into use by 2020, signaling the arrival of a fully intelligent era. By investing in RoboSense, a LiDAR solution provider with a foothold in IoT, and Yunding, an intelligent home platform using IoT technologies, Fosun RZ Capital helps industries become more digitalized faster pace to create a more accurate IoT.
"The Chinese IoT market is expected to witness significant growth with the CAGR of approximately 22.7% during the forecast period", according to the China IoT Market 2019-2025.(1) China made the "development of the Internet of Vehicles" a priority in 2017. Such action boosted the continuous innovation and improvement of AI and intelligent technology projects, one of which is auto-driving cars. LiDAR nowadays has become an indispensable sensor on most RoboTaxis, a leading product of auto-driving cars. RoboSense, invested by Fosun RZ Capital, seized the opportunity of the fast development of LiDAR, provides its LiDAR solutions for autonomous driving to many of the world's leading enterprises. On September 17, RoboSense worked with Alibaba, a global leader in information system technology, and helped its DAMO Academy launch its first driverless terminal product, "Xiaomanlv,"(2)(3) creating a new wave in the logistics robot market. In addition to facilitating large-scale commercial use for last-mile delivery and commercial scenarios, RoboSense will seize every opportunity to upgrade its technologies so that robots and AI can be put into more practical use.