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asia markets

Chinese Facial Recognition Software Company Seeks Domestic IPO After U.S. Sanctions

By
Shai Oster
· · Source: South China Morning Post

Megvii, owner of facial recognition software Face++ which had been put on a U.S. blacklist, will seek a domestic initial public offering. The artificial intelligence company had earlier sought a listing in Hong Kong. The decision shows how U.S. policy is having an impact on global capital flows. It also shows how China’s new Nasdaq-like market, the Shanghai Star Market, may stand to benefit...

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