Chinese citizens are proud that the country can compete with the United States in artificial intelligence, according to a venture capital fund manager



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Edith Yeung, head of Greater China and partner of 500 start-ups in China, speaks at the fireside chat on the first day of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 27, 2018 in Nansha, Guangzhou, China.

Dave Zhong / Getty Images for CNBC International

Edith Yeung, head of Greater China and partner of 500 start-ups in China, speaks at the fireside chat on the first day of CNBC East Tech West at LN Garden Hotel Nansha Guangzhou on November 27, 2018 in Nansha, Guangzhou, China.

CNBC also asked the venture capital fund manager what type of start-up it was looking for. His previous investments include Stellar, Nebula, Solana, Oasis Labs, Hooked, DayDayCook, Silk Labs (acquired by Apple), Fleksy (acquired by Pinterest), AISense and Penrose, according to his website.

"It really depends on your work, it's difficult for us to get to know a business in less than five minutes, but what we want to know is that you have a good understanding of the landscape and that you emphasize a fact." , she said. .

"It's perfectly fine to say (for example):" We solve the problem of payment for health care because it's unique … If you can be very specific – and you're the one who solves this problem, it's very interesting for us, "she added.

Yeung has invested in more than 40 mobile start-ups, virtual reality, augmented reality, artificial intelligence and machine learning.

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