Education technology start-up Riiid wins the business competition held in Shanghai of China.
It is reported that the Let” s Racing display cohosted by the China professional venture accelerator Neoply and Han Dong Global University, copresented Fudan software park and Han Dong Global University, and finally Riiid won this competition.
The theme of Let’s Racing is the common point of the innovation competitors facing challenging and entrepreneurs. This time Let ‘s Racing is held in Shanghai Fudan Software Park, 5 South Korea startups want to enter Chinese market and 5 entrepreneurial joint team constitute by Korean and Chinese young college students participated in the event.
Chinese investment company 23 Seed representative Daniel Shi, Dasbank start-up partner Ren Kevin as well as Neoply Chinese representative Shen Dongyuan participate in this event as a review committee. The event also attracted the attention of the Shanghai Dragon TV and the local media of Chinese investment industry.
Final winning team is chosen through 30 seconds elevator speech, 150 seconds pitching and 10 minutes Q & A. The second place is free stage to provide VR based KTV service, and the third place is Data King to provide 3D map technology platform.
Riiid raised Develop Fault Diagnosis Machine Based on Artificial Intelligence to Operation Algorithm and Adaptive Operation Solve, and won the award.
Start with this exhibition, Riiid hopes to take China objective test market through the underdevelopment artificial intelligence language test learning services.
Riiid representative Zhang Yongjun said, the Neoply Chinese exhibition day is bridgehead to enter the Chinese market in 2016, and short-term goal reached. And, it is worth mentioning that the Chinese local investors facing international market know china market very well, it’s very encouraging Riiid got their good evalution.