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AI Firm Yitu Said to Mull Hong Kong IPO After Shanghai Plan Halt

(Bloomberg) Chinese artificial intelligence company Yitu Technology is considering an initial public offering in Hong Kong after a tightening regulatory scrutiny stalled an earlier attempt to list in Shanghai, people familiar with the matter said.

China condemns unreasonable suppression as US expands economic blacklist

July 12, 2021 Chinese and US flags flutter outside a company building in Shanghai, China, April 14, 2021. Reuters SHANGHAI, July 11 - China said on Sunday (July 11) it resolutely opposes the addition of 23 Chinese entities to a US economic blacklist over issues including alleged human rights abuses and military ties. The Ministry of Commerce said in a statement the inclusion of the Chinese entities was a serious breach of international economic and trade rules and an unreasonable suppression of Chinese companies. Beijing will take necessary measures to safeguard China s legitimate rights and interests, it said, citing a spokesperson. The US Department of Commerce said on Friday it had added 14 companies and other entities to its economic blacklist, saying they had been implicated in human rights violations and abuses in the implementation of China s campaign of repression, mass detention, and high technology surveillance against Uyghurs, Kazakhs, and other members o

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