Chinese AI firm, SenseTime, postpones IPO after being placed on the US blacklist
SenseTime postponed its Hong Kong IPO worth $767 million
By Yashasvini Razdan
Published - Dec 13, 2021, 09:53 PM ET
Last Updated - Feb 12, 2024, 01:59 PM EST
• SenseTime postponed its Hong Kong IPO worth $767 million
• Washington categorized the AI firm as one of the "Chinese military-industrial complex companies”
Chinese artificial intelligence (AI) company, SenseTime, postponed its Hong Kong initial public offering (IPO) worth $767 million, on Monday, after being placed on a U.S. investment blacklist.
Washington categorized SenseTime as one of the "Chinese military-industrial complex companies. The US Treasury Department placed the firm along with 25 other individuals and entities on a list that bans U.S. citizens from investing in companies that support Chinese military development.