Megvii

Facial recognition technology is getting massive funding in China

Global investors, including U.S. hedge funds, are increasingly cashing-in on China’s demand for increased state surveillance through smart CCTV cameras that can track and monitor suspects, including dissidents and activists, with a disregard for individual’s rights. As far as the business side of things are concerned, according to IHS Markitt, China’s surveillance industry grew by an annual compound rate of 12.4% and is set to maintain this neck-breaking-pace upto 2021.