Qualcomm Ventures announces venture investments in three Chinese Companies

Qualcomm Incorporated announced through its venture capital division Qualcomm Ventures that it has invested in three Chinese companies, including equipment connection solution service provider Redtea Mobile, in-vehicle safe driving assistance system provider Tensortec, and cloud gaming company Dalongyun Technology.

Qualcomm Incorporated announced through its venture capital division Qualcomm Ventures that it has invested in three Chinese companies, including equipment connection solution service provider Redtea Mobile, in-vehicle safe driving assistance system provider Tensortec, and cloud gaming company Dalongyun Technology.

Founded in 2015, Redtea Mobile is a provider of eSIM core technology innovation and connection solutions, focusing on the improvement of connection efficiency and the industrialization of eSIM scenario applications to solve the key issues of massive deployment of cellular IoT in the 5G era.

Tensortec was established in 2017, focusing on vehicle safety and product development. Using advanced AI technology, Tensortec has developed an intelligent driving assistance system with DMS (Driver Monitor System) as the core with completely independent intellectual property rights, providing in-vehicle intelligent driving assistance system solutions for users at home and abroad, which are widely used in ground, sea and air transportation/engineering equipment with drivers.

Established in 2010, Dalongyun Technology is a developer of cloud gaming software. The company’s software completely stores a user’s purchased games in the cloud, enabling users to enjoy gaming with less hardware and portability of data. The company’s cloud gaming platform utilizes 5G network to drive edge computing technology.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/14/qualcomm-ventures-announces-venture-investments-in-three-chinese-companies/.

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