HONG KONG : Chinese artificial intelligence startup SenseTime Group is considering whether it can proceed with a planned US$767 million Hong Kong initial public offering after the U.S. added it to an investment blacklist, two sources familiar with the situation told Reuters.
The designation was confirmed later on Friday when the U.S. Treasury Department added SenseTime to a list of"Chinese military-industrial complex companies," part of sweeping human-rights-related sanctions on dozens of people and entities tied to China, Myanmar, North Korea and Bangladesh. SenseTime said in a statement on Saturday that it"strongly opposed the designation and accusations that have been made in connection with it," calling the accusations unfounded.
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