Real estate developer Greenland Holdings has invested $29m in Qualcomm-backed LTE technology producer Baicells and $22.6m in Intel Capital-backed facial recognition software provider Reconova.

Property developer Greenland Holdings has invested a total of almost $52m in China-based broadband technology provider Baicells Technologies and visual recognition software developer Reconova Technologies, China Money Network reported on Friday. The corporate provided RMB200m ($29.1m) of the funding for Baicells and supplied RMB156m ($22.6m) for Reconova. Baicells is developing long-term evolution (LTE) technology that…

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