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China's SenseTime postpones Hong Kong IPO after US blacklisting

December 14, 2021
Source: malaymail.com malaymail.com
News Snapshot:
A woman wearing a face mask walks past a stocks display board outside Exchange Square in Hong Kong July 16, 2020. — AFP pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. HONG KONG, Dec 14 ? Chinese artificial intelligence start-up SenseTime said yesterday it was postponing a US$767 million (RM3.24 billion) initial public offering in Hong Kong after it was blacklisted by the United States over accusations of genocide in Xinjiang. The US Treasury announced the ban on Friday, saying SenseTime's facial recognition programmes were designed in part to be used against Uighurs...
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