China Gears Up in Artificial-Intelligence Race

ENLARGE ‘China is poised to be a leader in AI,’ says Sinovation Ventures Chief Executive Kai-Fu Lee, shown in Hong Kong last year. Photo: Jerome Favre/Bloomberg News By Li Yuan Li Yuan The Wall Street Journal CANCEL Biography @LiYuan6 Aug. 24, 2016 11:57 a.m. ET 0 COMMENTS The acquisition this month by ride-hailing company Didi Chuxing Technology of Uber Technologies’ China operation was a reminder of how strong Chinese tech companies have become domestically at outmaneuvering foreign rivals. But the biggest buzz in China’s internet industry isn’t about besting global tech giants by better adapting existing business models for the Chinese market. Rather, it’s about competing head-to-head with the U.S. and other tech powerhouses in the hottest area of technological innovation: artificial intelligence. Venture capitalists have been pouring money…

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