On December 3, 2024, Dr. Mickael Mosse, CEO of My NEO Group and Sheikh Al Maktoum NEO Technologies, hosted a pivotal meeting with Dr. Ming Shu, Founding Partner of Lingfeng Capital Management Limited, and Xu Jiang, Head of International Business at DataCanvas. This gathering marked a significant step in exploring collaborative opportunities between Chinese enterprises and Dubai’s burgeoning technological landscape.
Lingfeng Capital Management Limited is a prominent private equity firm specializing in the digital transformation of financial services and related industries. Their investment portfolio encompasses high-value applications in enterprise services and the industrial Internet/IoT sectors, driven by foundational technologies such as artificial intelligence, blockchain, cloud computing, big data, security, and high-performance computing. Established in 2015, Lingfeng Capital manages both RMB and USD funds, with a strategic focus on Greater China and ASEAN regions, and targeted exposure in the UK and EU.
DataCanvas is a leading provider of artificial intelligence infrastructure software in China, dedicated to promoting the large-scale application of AI foundational software. Their self-developed intelligent computing operating system integrates cutting-edge AI technologies, offering users comprehensive “Computing Power + Algorithm” AI services. This empowers enterprises to seamlessly implement large-scale AI model applications, accelerating digital transformation across various industries.
During the meeting, the following key topics were discussed:
• Market Entry Strategies: Evaluating the potential for Lingfeng Capital’s portfolio companies and DataCanvas to establish a presence in Dubai’s dynamic market.
• Collaborative Opportunities: Identifying synergies between My NEO Group, Sheikh Al Maktoum NEO Technologies, and the visiting Chinese firms to foster innovation and technological advancement.
• Regulatory Environment: Understanding Dubai’s regulatory framework to ensure compliance and facilitate smooth business operations for incoming Chinese enterprises.
• Investment Prospects: Exploring avenues for mutual investment to support the growth and expansion of all parties involved.
These preliminary discussions signify a mutual interest in leveraging Dubai’s strategic position as a global hub for technology and finance. Ongoing studies are being conducted to assess the feasibility and potential impact of these collaborations, aiming to enhance the technological ecosystem and economic ties between China and Dubai.
Dr. Mosse’s engagement with Dr. Shu and Mr. Jiang underscores a shared commitment to innovation and global partnership, setting the stage for future endeavors that could reshape the technological landscape in the region.
