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China’s iFlyTek plans Europe expansion as US tensions rise

Chinese AI company iFlyTek is planning to expand its presence in Europe as it works to address the impact of ongoing trade tensions between the United States and China.

Vincent Zhan, the firm’s vice president, indicated that North America is iFlyTek’s largest market outside of China.

However, recent US tariffs have led the company to diversify its supply chain and extend its reach in Europe.

iFlyTek, based in Hefei, China, has offices in France and Hungary. It plans to open a new office in Paris this year or next.

The company is also considering expansion into markets such as Spain and Italy.

Recent iFlyTek developments

Timeline
25-Oct-2024 🌐 Voice recognition firm has dialects from China’s 288 cities
  • iFlytek expands voice tech to 201 dialects
  • New model supports multiple languages and real-time search
25-Oct-2023 📉 In 50 Words: Shares of AI firm iFlytek drop 10% after Mao criticism claims
  • iFlytek shares drop 10% over AI essay controversy
  • Chairman cites supplier error; review system improved
12-Oct-2021 ❤️ Vietnam dating app bags $1.6m in seed money
  • Fika dating app raises $1.6M in seed funding.
  • Focuses on improving women’s online dating experiences.
05-Feb-2020 📈 China’s iFlytek says 2019 revenue to exceed $1.4b as it downplays tech war impact
  • iFlytek expects 2019 revenue over 10B yuan
  • Net profit grows 35%-65% despite US trade blacklist
17-Jul-2019 💰 Chinese voice recognition firm iFlytek gets $407m from state investors

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