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China tech

Chinese AI startup SenseTime resumes push for $2bn Hong Kong IPO

Despite US blacklisting, company eyes market debut by fourth quarter

SenseTime specializes in AI software for facial recognition, tracking, object detection, image and video processing and data analysis. (Photo by Cheng Ting-Fang)

HONG KONG -- Chinese artificial intelligence startup SenseTime has revived plans for an initial public offering in Hong Kong that could raise as much as $2 billion, two people familiar with the matter say.

SenseTime is working with advisers to finalize a listing application with the Hong Kong stock exchange, the sources said. Approval is required, and listing typically occurs three to six months after the application is filed.

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