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

Source: Tech – South China Morning PostSenseTime Group will halt its US$768 million initial public offering (IPO) in Hong Kong after the Joe Biden administration placed China’s largest artificial intelligence (AI) firm on an investment blacklist on human rights grounds, a source said.The IPO will be delayed until further notice, said the source, adding that the postponement will be announced on Monday. The decision is subject to regulators’ approval.Spokespeople at SenseTime declined to comment.The Hong Kong-based unicorn, Asia’s…Read More

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