Sinovation Ventures' Dr. Kai-Fu Lee is betting big on artificial intelligence

Given that Sinovation Ventures founder Dr. Kai-Fu Lee has around 50 million followers on Chinese social networks, he has become an oracle when it comes to predicting the future of tech in China. Kai-Fu Lee talked about the most important trends in Chinese startups at TechCrunch Beijing 2016. Sinovation Ventures recently raised the equivalent of $675 million in total across a Chinese and an American fund, and the firm has over 300 companies in its portfolio. "We can invest up to $15 million per company now," Kai-Fu Lee said. And by far, the most important area for future Sinovation Ventures investments will be artificial intelligence.