China's SenseTime delays Hong Kong IPO after placement on U.S. blacklist SenseTime, a Chinese developer of facial recognition technology, is delaying its Hong Kong IPO after being added to a U.S. Treasury Department blacklist of "Chinese military-industrial companies." Why it matters: This is China's most highly valued AI company, fetching a $13 billion mark after being placed on a different U.S. government blacklist for its alleged involvement in human rights abuses against Uyghur Muslims. That original designation prevented SenseTime from doing business with U.S. companies, whereas the new one prevents U.S. investors from buying or selling its listed shares. Get…