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In July 2017, the well-known US financial media Forbes released the 2017 Forbes 30 Under 30 China List. Yang Fan, founder and CEO of Minivision Technology, stood out among a group of young talents due to her strong business operation capabilities and bold exploration and layout in the field of artificial intelligence, and was selected on the 2017 Forbes 30 Chinese Elite List under the age of 30. Becoming the only young entrepreneur in Jiangsu region to be listed under the technology category of the listed enterprise.
The 2017 Forbes 30 Under 30 Chinese Elite List is dedicated to recognizing the best young entrepreneur leaders and innovative elites in China. The selection criteria include outstanding performance in their respective fields, entrepreneurial spirit, and the potential to change the world in the next 50 years. The Forbes Under 30 list has been released since 2011, and celebrities such as Facebook founder Mark Zuckerberg and American NBA basketball player LeBron James have all been included in this list. This year, famous artists Wu Yifan, Lu Han, Di Lireba, members of TFboys Wang Yuan, Wang Junkai, Yiyang Qianxi Qianxi, Olympic champion Zhang Jike, founder of ofo Dai Wei and other public figures with wide popularity were also included in the list. Forbes has placed a distinct label on this group of young industry leaders in China: defining the future!
Minivision Technology, founded by Yang Fan, is a steadily developing high-tech company based on machine learning technology, with AI+as the core, creating an integrated intelligent service ecosystem. From 2015 to 2017, founder Yang Fan led the company to rapidly expand, with a team of over a dozen members growing to nearly 200. The company has top talents in various industries, including academicians and scholars, academicians from the Russian Academy of Engineering, scholars from the Chinese National "Youth Thousand Talents Plan", and executives from well-known financial companies. With artificial intelligence as the pillar, relying on machine learning algorithms and massive tags, we have successively launched risk warning, credit rating and other services for various fields such as banking, consumer finance, insurance, and car rental. Led the completion of strategic investments from the Nanjing Jiangning High tech Park Management Committee, Nanjing State owned Zijin Holdings, Zhongze Capital, Fortune 500 consortia, and listed companies. Currently, Minivision Technology has completed the B-round financing, with a company valuation of over $200 million. In just over two years, seize development opportunities and quickly open up the market to achieve profitability. Yang Fan led Minivision to become one of the innovative enterprises in China's artificial intelligence field with relatively stable development and fast financing.
The facial image recognition technology independently developed by Minivision Technology has conducted in-depth research and commercial applications in the fields of financial risk control and intelligent security. As one of the first companies in China to obtain certification from the Third Institute of Public Security for implementing silent living technology, Minivision Technology has a daily face call volume of over 10 million, avoiding nearly 20 billion yuan in economic losses for customers. At present, Minivision Technology's ID card comparison and facial control technology have been implemented and used in several major scenarios, including enterprise access control attendance, driving school driving test facial authentication, hotel check-in verification, and factory intelligent security monitoring. Based on Xiaoshi's core advantages, we are currently laying out intelligent business district ecological services of AI+big data+enterprise cloud, integrating internal membership system, member behavior tracking and recognition, payment system, and intelligent push services.
Forbes China's editor in chief, Kang Jian, stated that the entrepreneurial spirit and innovative consciousness exhibited by the younger generation in China exceed people's imagination, and the profound changes in Chinese society also provide great opportunities for young people. Compared to other countries, the proportion of outstanding young people in China in entrepreneurship is very high. They understand how to embrace technology and capital, and have a good educational background and are good at international business operations. They are a strong driving force for the future development of China.