Chinese artificial intelligence startup SenseTime is on track to raise up to $767 million in a Hong Kong initial public offering, down from an earlier target of $2 billion, Reuters said. China’s biggest artificial intelligence firm, which is on a U.S. government technology blacklist, is going ahead with its IPO despite a lackluster market and questions arising from new possible Chinese...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
Beijing Olympics Covid-Tracker App Has Security Flaws
NFT Gaming Company Animoca Brands Raised $360 Million at $5 Billion Valuation
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