Chinese AI firm iFLYTEK posts strong H1 revenue growth, China’s leading artificial intelligence (AI) and speech technology company iFLYTEK Co Ltd posted strong revenue growth in the first half (H1) of 2022, according to the company’s semiannual report released on Monday.
Chinese AI firm iFLYTEK posts strong H1 revenue growth, The operating revenue of iFLYTEK amounted to over 8.02 billion yuan ($1.17 billion) during the period, up 26.97 percent year-on-year, the report showed. China’s leading artificial intelligence (AI) and speech technology company iFLYTEK Co Ltd posted strong revenue growth in the first half (H1) of 2022, Chinese AI firm iFLYTEK posts strong H1 revenue growth, according to the company’s semiannual report released on Monday. Its revenues from smart education and smart city businesses reached over 2.2 billion yuan and 2.18 billion yuan respectively during the same period, up 27.38 percent and 42.55 percent year-on-year. Its investment in research and development increased by 30.46 percent to nearly 1.6 billion yuan in the first six months. The net profit attributable to the parent company fell 33.57 percent year-on-year to 278 million yuan,
Source: This news is originally published by chinadaily