Artificial Intelligence Startup CloudWalk Debuts on STAR Market

CloudWalk, an artificial intelligence enterprise, was officially listed on the Shanghai Sci-Tech Innovation Board (STAR Market) on Friday. During its first day of trading, its share price rose 56% to 24 yuan ($3.58) per share before settling at a closing price of 21.4 yuan and a current market value of 15.85 billion yuan. CloudWalk was born in a laboratory at the Chinese Academy of Sciences. Founder Zhou Xi graduated from the University of Science and Technology of China, and the University of Illinois Urbana-Champaign. In 2011, Zhou returned to China to set up an AI team at the Chinese Academy of Sciences, and in 2015, he founded CloudWalk.