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US to ban Americans from buying shares of Chinese AI startup SenseTime on IPO day

December 10, 2021
Source: aroged.com aroged.com
News Snapshot:
On Friday, the US Treasury will blacklist Chinese artificial intelligence company SenseTime, banning Americans from buying its shares, writes the Financial Times. It is symbolic that on Friday the company will conduct a public offering of shares (IPO) in Hong Kong. The newspaper clarified that SenseTime will be included in the Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC List). SenseTime, one of the most expensive startups in China, did not know that it might be blacklisted by the United States, according to Reuters sources with direct knowledge of this. The news also caught the banks engaged in the $ 767...
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China Tech Buzz Topics: AI | artificial intelligence | ban | bank | Biden | blacklist | boycott | China | Chinese | Department of Commerce | finance | financial | Hong Kong | ipo | IT | media intelligence | military | news | News Media | newspaper | president | Reuters | SenseTime | United States

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