MTR Lab backs AI start-up Ensonic in first mainland Chinese investment

Quick Summary:

Ensonic produces AI-based acoustic detection systems used for equipment quality control and maintenance.

Over the next three years, Ensonic plans to expand into the rail transport markets of Singapore and Japan, as well as the power grid sectors in the United Arab Emirates and Saudi Arabia, founder and chief executive Dong Liang Ding said in a statement to the Post on Wednesday.

This marks MTR Lab’s first investment in a mainland Chinese company.

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Article Details

Author / Journalist: Xinmei Shen

Category: Business

Markets: Hong KongJapanSaudi ArabiaSingaporeUnited Arab Emirates

Topics: Company Expand Statement Intelligence Venture Rail Ensonic Chinese Quality Artificial Equipment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 22:19:52 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 211 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23448361

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