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SenseTime IPO plan in jeopardy as U.S. adds it to blacklist

AI unicorn labeled part of China military-industrial complex before Hong Kong listing

SenseTime had said it expected its shares to begin trading in Hong Kong on Dec. 17.   © Reuters

PALO ALTO. U.S.-- Plans by Chinese artificial intelligence unicorn SenseTime Group to go public in Hong Kong are in jeopardy after the U.S. added the company to an investment blacklist over allegations that its technologies are used to enable repression of China's Uyghurs.

The U.S. Department of the Treasury on Friday announced new sanctions over alleged human rights abuses by China, Myanmar, North Korea, and Bangladesh, a move that included putting SenseTime on a list of "Chinese military-industrial complex companies."

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