December 13 - 10:12
China's SenseTime postpones IPO after being placed in US investment blacklist
Chinese AI start-up SenseTime has postponed its $767m Hong Kong IPO after being placed on a US investment blacklist. The Department of Treasury said the company “developed facial recognition programs that can determine a target’s ethnicity, with a particular focus on identifying ethnic Uyghurs.” US investors are therefore bared from purchasing or selling publicly traded securities of SenseTime.
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