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Chinas SenseTime Postpones IPO After US Blacklist

News Snapshot:

Chinese artificial intelligence firm SenseTime Group Inc. has announced that it will postpone its initial public offering in Hong Kong, days after it was added to a blacklist of investments from companies that the U.S. government says support development. Chinese military. In a statement, the company said the shutdown was intended to help investors consider the potential impact of the U.S. blacklist, adding that it remained committed to completing the list soon. The postponement comes after the company withheld its IPO price as expected on Friday. The company plans to relaunch the deal as early as this month, according to…

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