FILE PHOTO: The logo of artificial intelligence (AI) startup SenseTime is seen at its office in Hong Kong, China August 18, 2021. Picture taken August 18, 2021. REUTERS/Tyrone Siu
December 10, 2021
HONG KONG (Reuters) – Chinese artificial intelligence startup SenseTime Group is discussing the fate of its planned $767 million Hong Kong initial public offering (IPO) with the city’s stock exchange on Friday, two people with direct knowledge of the matter said.
The move comes after the Financial Times reported on Thursday that the United States will put the company on an investment blacklist on Friday.
The sources declined to be named as the information was not yet made public.
Spokespersons at SenseTime and the Hong Kong Stock Exchange did not immediately respond to Reuters’ requests for comment.
(Reporting by Kane Wu and Scott Murdoch in Hong Kong; Editing by Sumeet Chatterjee and Kenneth Maxwell)
Source: One America News Network
