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Tuesday, April 23, 2024

China’s SenseTime relists Hong Kong IPO after US blacklisting

Chinese AI startup SenseTime has said it will press ahead with its Hong Kong listing after it was blacklisted by the United States

HONG KONG – Chinese artificial intelligence start-up SenseTime said Monday it will press ahead with its Hong Kong listing, a week after it was blacklisted by the United States over accusations of genocide in Xinjiang.

An initial listing earlier this month was pulled when the US Treasury announced new sanctions, saying SenseTime’s facial recognition programmes were designed in part to be used against Uyghurs and other mostly Muslim minorities in Xinjiang.

On Monday, the company filed a revised listing with the Hong Kong stock exchange with trading expected to start December 30.

“Due to the dynamic and evolving nature of the relevant US regulations, we have required to exclude…

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