US blacklist casts pall over Chinese AI firms planning IPOs

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US blacklist casts pall over Chinese AI firms planning IPOs

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The US’s announcement this week that it was putting a whole host of Chinese companies on its blacklist for alleged involvement in human rights abuses is set to hit some of them hard. One of the victims is artificial intelligence (AI) leader Megvii Technology, which has been working on a billion-dollar Hong Kong IPO that will now be a challenge. Jonathan Breen reports.

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