cens logo


Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018 | By CENS | FOXCONN TECHNOLOGY

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently integrating it with the robotics industry, in hopes of popularizing enterprise application worldwide.

news-photoMegvii Technology Founder and CEO Tang Wenbin

While Megvii was founded for relatively a short time, the firm has already earned funding from Sinovation Ventures, SK Group and Ant Financial Services Group. Currently, Megvii is valued at USD$2.5 billion, with investors eyeing its potential as an unicorn. Foxconn Technology also sees the potential in Megvii's facial recognition and AI, and joined in fundraising last year, not only becoming an important shareholder, but also becoming a business partner with Megvii.

Bought out ARES Robot to fill out the blanks

Tang Wenbin, founder and CEO of Megvii, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. Tang Wenbin said working with Foxconn and Asia Pacific Telecom is important for his firm to enter the Taiwanese and Asian Pacific markets. Facial recognition and AI are the core technologies of Face++: the former can serve as the “eyes” with video cameras, taking in data from the outer world and developing models of its environment, while “AI” serves as the brain, analyzing data and making decisions.

Face++ already has the eyes and brain; they bought out Beijing ARES Robotics Co., Ltd.'s Ares Robot for its “arms and mouth,” hoping to complete their competitive strategy with Ares hardware for a complete AI and IoT strategy.

Q: What are the market trends and business opportunities in the future facial recognition and AI industry? What are the key factors for a firm footing?

A: Using AI technology to analyze the huge data coming from IoT, is a future trend in how it increases efficiency in different applications. But, the key factors to achieving a better standing is through continuing to improve AI and facial recognition technologies and expand upon IoT.

In the IoT era, service quality and efficiency can be improved with varied sensors and terminals collecting huge volumes of data and using AI to analyze it. The strategy behind Megvii is concentrating on three IoT battlefields: the personal, urban areas and commercial industry, mainly through its facial recognition technology. That is combined with AI analysis and application to improve efficiency and lower costs, as well as simplifying processes.

From the personal IoT standpoint, AI can improve terminal equipment. Megvii has teamed up with Android smartphone brands Huawei and Xiaomi to offer facial recognition and image management functions in over 100 million smartphones. Right now, banking firms are starting to offer client authentication both online and offline through devices and facial recognition tech.

In terms of urban IoT, it relies on government sensor infrastructure like Internet-connected video cameras to collect data for analysis and application, specifically, application in security, like preventing potential threats. There are 50,000 urban-based video cameras providing facial recognition services in over 100 cities in China.

Commercial IoT can be implemented in logistics and wholesale industries to assist labor-extensive jobs. We toured a Tmall warehouse, and due to its sheer scale, the room temperature during winter was still -10°C. Workers had to push carts around, walking almost 30 to 40 kilometers everyday in such circumstances. Things would be better for the employees if smart factories were implemented.

Megvii, for example, has 15,000 smart robots, smart shelves and smart video cameras to improve logistics efficiency.

Q: Global companies are applying facial recognition tech; Apple Inc. is applying it to smartphones and Facebook has bought out Israeli company Face.com. How will Megvii prepare for the competition?

A: Facial recognition and AI is just technology; it needs to be implemented to applications and its environment for it to have value. For example, Apple applied it to unlock smartphones; Facebook used it in image analysis and its social algorithm on social media; Face++ has focused on the personal, urban and commercial industries.

I believe it would not fully become technological know-how competition in the future, but rather an application competition. Competitors are big corporations that can combine different tech and applications for a complete solution.

Q: Megvii currently enjoys a high standing in the facial recognition and AI industries. In terms of market expansion, how are your core products Face++ and Face ID doing?

A: Megvii is probably the world's best company for facial recognition right now. It can operate facial tracking on multiple people at once and has earned numerous awards and certification on the international platform.

Currently, Face++'s artificial intelligence open-source platform is built upon 300,000 developers from 220 countries around the world. Third-party verification platform FaceID is currently implemented in China, Indonesia, Singapore and the U.S., offering identity verifications for 350 million visits. It is also working with 200 Internet finance, transportation, live streaming, 20 banking institutions with identity verification for personal accounts.
The facial recognition tech can eventually replace traditional means for simple services like opening bank accounts and applying for loans.


Industry Reports

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Industry In-Focus

China's New Face of E-Commerce Sees Rise of Smart Lockers

Dec 10, 2018

With the rise of the “unmanned economy” in China, new trends in the self-pickup market like the “smart shelf” are giving way to the “smart locker,” which has combined Internet of Things and AI technology. Chinese e-commerce JoyBuy Go has built a reputation based on its embracement of unmanned economy, its “smart shelf” that was introduced to the public last November has seen an upgrade to “sma...


Local Manufacturing Sector Flashes 5th Sluggish Growth

Nov 29, 2018

With the ongoing U.S.-China trade dispute, uprooted financial sector, sluggish sales for the new Apple smartphone, the manufacturing industry sees a pessimistic forecast for the next six months. This has led to the local manufacturing sector to flash a “yellow-blue” light in October, said Taiwan Institute of Economic Research (TIER) on Thursday, making this the fifth consecutive month of slugg...


Archee International Cements Position as Go-To Rep of Auto Suppliers

Nov 27, 2018

Archee International Co., Ltd. is a young and passionate company specialized in all kinds of auto parts including a wide range of lighting products, auto mirrors, AM body parts, replacement components, and cooling systems. Archee has cemented its position as the go-to representative for manufacturers of products such as replacement automobile parts, performance automobile parts, and design par...



Supplier News

Antrc Industrial Corp. Aims for High-End Auto Parts Industry for Asian Markets

Dec 05, 2018

Antrc Industrial Corp. focuses on manufacturing plastic parts, metal parts and other automotive parts in the aftermarket industry. The firm can roll out parts and products that match with customers’ needs and the industry pulse in this changing and competitive market. Having deep roots in the AM industry, Antrc can deliver with its complete supply chain, from designing, molding making and finally...

ANTRC INDUSTRIAL CORP.


Brake Maker Nan Hoang Rides on Biz Upswing to Offer More Clients the Best

Dec 04, 2018

For more than five decades, Nan Hoang Traffic Instrument Co., Ltd (NHC) has been one of the major manufacturers of specialty vehicle friction materials in Taiwan and around the world. Chairman Austin Cheng has been carrying out their “double-arrow developing plan” for this year. In one aspect, through its private label YangPo, NHC aims to adopt a more effective marketing strategy for selling own-...

NAN HOANG TRAFFIC INSTRUMENT CO., LTD.


Intime's Products Sought-after by Professionals Worldwide

Dec 04, 2018

Founded in 2013, Intime Auto Parts Co., Ltd., specializes in making performance brake calipers and performance shock absorber systems. Intime takes pride of its “n&b performance” series. The firm's n&b ceramic brake pads, which are made of low metallic NAO material, is capable of functioning without damaging the brake discs. Also notable is that the brake dust can be removed easily from the al...

INTIME AUTO PARTS CO., LTD.



Insiders' Views

Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...


Exclusive Interview with Editor-in-chief in PSB

He points out building OEM partnership as a savvy strategy for Taiwanese suppliers trying to penetrate U.S.'s powersports market

May 24, 2018

During his visit to the Taiwan International Motorcycle Industry Show 2018 (Motorcycle Taiwan 2018) that ran from April 12 through 15, Dave McMahon, editor-in-chief of Powersports Business (PSB), was interviewed exclusively by CENS to share his views on the current development and outlooks of the powered two-wheeler market in the U.S. While the magazine PSB is one of the most reliable sources ...



Exhibition Highlights

The 19th Fastener Trade Show Suzhou - China's leading one-stop purchasing platform for fasteners, machinery and supporting products

Dec 05, 2018

Highlights of the Show: Highlight 1: Large Scale 12,000 sqm exhibition area at 2 exhibition halls, expected 400 exhibitors & 12,000 professional visitors Highlight 2: International 50% of the exhibitors are export-oriented companies, visitors cover over 30 countries and regions Highlight 3: One-stop Platform for Purchasing Full range of exhibits, including fasteners, equipment, molds ...


CENS.com Makes Biz Talks Easier with B2B Matching at Automechanika Shanghai

Nov 30, 2018

Automechanika Shanghai, Asia’s biggest automotive parts, repair and maintenance, and auto products show, kicked off on Nov. 28 at the Shanghai National Exhibition and Convention Center and will last until Dec. 1 for four days. Expectations suggest the show to attract 140,000 professional visitors. As always, Economic Daily News (CENS.com) has attended another year of Automechanika Shanghai and co...


TTG Gives Taiwanese AAPEX Exhibitors a Leg Up

Nov 01, 2018

Taiwan Transportation Equipment Guide (TTG), having been founded for 33 years, is Taiwan’s first magazine dedicated to professional auto parts. The magazine can be obtained at the Economic Daily News (CENS.com) booth on the AAPEX show grounds. Combined with online and hardcover publications, CENS.com aims to boost Taiwan’s auto parts suppliers’ promotion to its highest. Since its first publica...