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SenseTime halts US$768 million IPO in Hong Kong after US blacklists AI firm on human rights grounds

by 198 China News
December 13, 2021
in CHINA TECHNOLOGY NEWS
1 min read
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SenseTime halts US$768 million IPO in Hong Kong after US blacklists AI firm on human rights grounds
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SenseTime Group halted its US$768 million preliminary public providing (IPO) in Hong Kong, pulling the plug for now on the town’s largest inventory sale since September, after america positioned China’s largest synthetic intelligence (AI) agency on an funding blacklist on human rights grounds.The corporate will publish a supplemental prospectus with amendments and an up to date schedule, and refund all of the IPO purposes made by buyers with out the related curiosity, SenseTime mentioned.SenseTime …

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