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SenseTime to Delay Hong Kong IPO After U.S. Blacklist Report

  • The U.S. plans to blacklist the artificial intelligence firm
  • Startup may have to buy back some shares if no IPO by April
The  SenseTime website.

The  SenseTime website.

Source:  SenseTime Group Inc.

Updated on

Chinese artificial intelligence firm SenseTime Group Inc. is delaying its Hong Kong initial public offering, according to people familiar with the matter, as tensions with the U.S. government ratcheted higher at the last minute.

The AI startup’s IPO would not be priced on Friday as expected because the banks need to make adjustments and address regulatory concerns, one of the people said, asking not to be identified as the information is private.