Earnings hit stings China's iFlytek in wake of US blacklisting

Voice recognition specialist first to reveal cost of sanctions for alleged abuses

iFlytek was placed on the so-called U.S. entity list after it was implicated in human rights violations against Muslim minority groups in the Xinjiang Uighur Autonomous Region. © Getty Images

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

April 22, 2020 14:24 JST

TOKYO -- Chinese artificial intelligence powerhouse iFlytek has revealed a $13 million hit to earnings after it was sanctioned by the U.S. over its treatment of Uighur Muslims and other ethnic minorities.

The Shenzhen-listed company disclosed the "expense in dealing with the U.S. entity list" on Tuesday night for the first time since it was blacklisted by Washington last October.