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Andrew Downe, Asia regional head of commodities and global markets at Macquarie Group, which invested in Megvii in its Series D round of financing, said earlier that "Megvii is a global AI technology leader and innovator with cutting-edge technologies, a scalable business model and a proven track record of monetization. We believe the commercialization of artificial intelligence is a long-term focus and is of great importance."

Analysts suggested more property companies are likely to join the promotion.

Analysts expect the People’s Bank of China (PBOC) to cut the reserve requirement ratio (RRR) by another 100 basis points to 14.50 percent in the fourth quarter from the current 15.50 percent, the poll showed.

And in case there was any doubt about this company’s ambitions, Expedia this year bought Travelocity, Orbitz and HomeAway for a combined total of more than .7 billion.

Andy Liu is a Seattle angel investor, entrepreneur and the CEO of?BuddyTV. ?Read his blog,?Inspired Startup,?here?and follow him on Twitter @aceliu.?