China's Megvii seeks approval for Hong Kong IPO despite U.S. blacklist - sources
Share:
HONG KONG (Reuters) - Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million (£386 million), people with knowledge of the matter said, despite being blacklisted by the U.S. government. However, Beijing-based Megvii, which is backed by e-commerce giant Alibaba Group and is widely known for its facial recognition platform Face++, has yet to decide whether to carry out a roadshow once approval is granted,..