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Chinese AI company delays IPO after US blacklist
Chinese AI company delays IPO after US blacklist

New Delhi, Dec 13 (TIWN) Chinese AI company, SenseTime is postponing its big stock market debut after once again getting caught up in tensions between the US and China, CNN reported.

The Chinese artificial intelligence startup announced Monday that it would delay its widely anticipated initial public offering in Hong Kong, where it had planned to raise up to $767 million. It was set to start trading as soon as this week.  On Friday, the US Treasury Department placed the firm on a list of “Chinese military-industrial complex companies,” in which US President Joe Biden has banned Americans from investing, the report said.

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