US to blacklist Chinese firm AI firm SenseTime ahead of Hong Kong IPO

The US will put Chinese artificial intelligence company SenseTime on an investment blacklist on Friday, the Financial Times reported, citing people familiar with the decision, as the company is finalising its Hong Kong IPO.

SenseTime said it had no immediate comment on the blacklisting report, and did not respond to questions about the future of the IPO. In June, US President Joe Biden signed an executive order that barred Americans from investing in companies on the list.A number of US investors had placed bids to buy stock in the IPO and the implication of the ban on their order was unclear, one direct source added.

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