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Chinese firm SenseTime delays Hong Kong IPO following US sanctions over human rights violations in Xinjiang

December 14, 2021
Source: shafaqna.com shafaqna.com
News Snapshot:
[Chinese firm SenseTime delays Hong Kong IPO following US sanctions over human rights violations in Xinjiang] SHAFAQNA- Chinese artificial-intelligence company SenseTime Group Inc. has said Monday it was delaying a planned $767 million initial public offering in Hong Kong following US sanctions over human rights violations in Xinjiang. The US Treasury announced the ban on Friday, saying SenseTime’s facial recognition programmes were designed in part to be used against Uyghur Muslims in Xinjiang. The blacklisting immediately cast a shadow over the company’s upcoming IPO plans in Hong Kong, which had been due to take place a week later. On Monday,...
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Tags: artificial intelligence | ban | blacklist | boycott | Chinese | facial recognition | Hong Kong | Hong Kong Stock Exchange | human rights | initial public offering | ipo | IT | KONG | listing | Sanctions | SenseTime | stock | stock exchange | Uighur | Uyghur | Xinjiang

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