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Chinese AI start-up Megvii files for Hong Kong IPO of at least $500 million

Chinese AI start-up Megvii files for Hong Kong IPO of at least $500 million

Postby smix » Mon Aug 26, 2019 8:50 am

Chinese AI start-up Megvii files for Hong Kong IPO of at least $500 million
Reuters

URL: https://www.reuters.com/article/us-megv ... SKCN1VG05I
Category: technologyNews
Published: Mon, 26 Aug 2019 00:59:57 -0400

Description: Chinese AI firm Megvii Technology Ltd, backed by Alibaba, has filed in Hong Kong to conduct an IPO targeting proceeds of at least $500 million, two people said, just as the city faces political unrest and its first recession in a decade.
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