HONG KONG: Chinese artificial intelligence start-up SenseTime said Monday it was postponing a planned $767 million initial public offering in Hong Kong after it was blacklisted by the US over human rights concerns in Xinjiang.
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Chinese artificial-intelligence (AI) start-up SenseTime Group Ltd (商湯科技) yesterday said that it was postponing a planned US$767 million initial public offering (IPO) in Hong Kong after it was blacklisted by the US over human rights concerns in Xinjiang.
The US Department of the Treasury announced the ban on Friday, saying SenseTime’s facial recognition programs were designed in part to be used against Uighurs and other mostly Muslim minorities in Xinjiang, where UN experts and researchers estimate more than 1 million have been incarcerated in prison camps.
The blacklisting immediately cast a shadow over the company’s upcoming IPO plans in Hong Kong, which
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