HONG KONG, Nov 20 (Reuters): Chinese artificial intelligence startup SenseTime Group has received approval for an initial public offering in Hong Kong, according to two sources with direct knowledge of the matter.
Reuters reported in August the company was planning to raise up to $2 billion in the deal, based on information from sources.
The sources declined to be identified as the information has not yet been made public.
A SenseTime spokesperson declined to comment.
Hong Kong-based SenseTime is backed by major investors such as SoftBank Vision Fund and Alibaba Group Holdings (9988.HK)
The company provides technology-based applications, including facial recognition, video analysing and autonomous driving.
SenseTime gets go ahead for Hong Kong IPO
FE Team | Published: November 20, 2021 20:49:02
SenseTime gets go ahead for Hong Kong IPO
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