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China tech

Blacklisted AI startup Megvii moves ahead with Hong Kong IPO plan

Warm welcome for Alibaba offering convinces company to pursue listing, sources say

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | Hong Kong, Macao

HONG KONG -- With investors giving a warm welcome to the massive Hong Kong stock offering of Alibaba Group Holding, Chinese artificial intelligence startup Megvii Technology has decided to move ahead with its own plan to list in the city.

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