Are you sure you want to delete this chart? BEIJING/HONG KONG (Reuters) - Chinese start-up SenseTime is considering an initial public offering (IPO) on China's tech-focused STAR market after … The U.S. ban has made an overseas listing difficult, if not impossible, as global investors and investment banks are likely to shy away from companies being targeted by the United States, two of the people said.

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The private markets have fared a bit better, according to bankers. Nikkei Inc. No reproduction without permission. Please review our Weak investor sentiment over coronavirus and US blacklist hurts AI startup's plans. Other existing investors include SoftBank Vision Fund, HOPU Investment Management Company, Silver Lake Partners and Alibaba . BEIJING/HONG KONG (Reuters) – Chinese start-up SenseTime is considering an initial public offering (IPO) on China’s tech-focused STAR market after its latest fundraising that will value the company at $10 billion, three people with knowledge of the matter said. Reuters reported in December that the five-year-old start-up had told investors it expected its 2019 revenue to increase by more than 200% year-on-year to around $750 million despite China-U.S. tensions.

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. In a presentation at the Massachusetts Institute of Technology in 2018, SenseTime's co-founder, Tang Xiaoou, announced that his company beat Facebook to achieve a nearly 99% success rate for its facial recognition technology, making it one of the most advanced artificial intelligence solution providers in the world. Your status will be reviewed by our moderators. any of each other's Investing.com's posts. © 2007-2020 Fusion Media Limited. The U.S. ban has made an overseas listing difficult, if not impossible, as global investors and investment banks are likely to shy away from companies being targeted by the United States, two of the people said. The plan for listing on China’s year-old STAR market for start-ups is still preliminary with size and timetable undecided, said the sources, who did not want to be named as the information is confidential. SenseTime said at the time that it strongly opposed the U.S. ban and would work with relevant authorities to resolve the situation. This content was commissioned by Nikkei's Global Business Bureau.