Global risk assessment firm Moody’s announced that it has acquired a minority stake in MioTech, a provider of alternative data and insights serving the environmental, social, and governance (ESG) and know your customer (KYC) markets in Greater China. Moody’s stated that the company and its affiliates will seek to incorporate MioTech’s alternative data and product offerings to streamline analytical processes, monitor portfolios, inform risk assessments, accelerate product developments, and deepen coverage of China. MioTech will continue to operate as an independent entity.

Min Ye, Managing Director and Head of International for Moody’s, said:

“MioTech’s leading technology platform collates and analyzes an impressive range of company, industry, ESG, and KYC data from a variety of public sources to provide relevant information to customers. Our partnership will provide valuable data, analytics, and insights to China’s domestic risk and investment markets.”

MioTech uses artificial intelligence (AI) to track and scan alternative data sources related to ESG and KYC factors, supply chains, and financial information for over 800,000 public and private companies in China. Its analytical tools are designed to turn unstructured datasets into insights for portfolio managers, research analysts, and risk managers, and its AI algorithms detect entities’ vulnerabilities by monitoring news, social media, disclosure, and other forms of alternative data in real-time.

Jason Tu, CEO and Co-founder of MioTech, said:

“MioTech looks forward to an exciting partnership with Moody’s. Moody’s deep industry know-how will further strengthen MioTech’s data and technology across different sectors and geographies.”