A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song
A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song
A-shares

Nod for VIE-structured Chinese AI developer Megvii to list on Shanghai’s Star Market signals further approvals

  • Megvii, known for its Face++ facial-recognition software, plans to raise 6.02 billion yuan (US$934 million) from the sale of 253.4 million CDRs
  • Regulatory approval is a sign that more such VIE-structured companies could be allowed to list on domestic exchanges

Topic |   A-shares
A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song
A screen shows Megvii’s facial technology. The Chinese VIE-structured company has received approval to sell shares on Shanghai’s Star Market. Photo: Simon Song
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