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SenseTime AI Has Upcoming IPO

B
Benzinga

17 Views • Sep 01, 2021

Description

Despite the tech crackdown in China, one of China’s top artificial intelligence firms - SenseTime - has filed for an initial public offering in Hong Kong. The AI company did not disclose the size of the deal but is pushing ahead with a listing even as China tightens regulations for the country’s technology industry. The company, which counts Alibaba ($BABA@China) and SoftBank ($SFTBY@Japan) among its backers, has been caught in the middle of growing U.S. and China tensions. In 2019, SenseTime was put on a U.S. export blacklist that restricts the company’s ability to get access to certain U.S. technologies. At the time, the U.S. claimed that SenseTime was among several entities implicated in human rights violations and abuses.