Megvii’s facial recognition technology in action at the China Public Security Expo in 2017. Photo: Reuters
China’s Megvii kick-starts IPO on Shanghai’s Star Market after Trump added facial recognition giant to entity list
- The Beijing-based owner of Face++ software has kick-started an initial public offering on the Nasdaq-like exchange in Shanghai
- Megvii let its US$500 million Hong Kong IPO application lapse in February last year after finding itself on a Washington trade blacklist
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IPO
Megvii’s facial recognition technology in action at the China Public Security Expo in 2017. Photo: Reuters