Megvii AI Startup Files For Hong Kong IPO

  • “AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange.
  • The Beijing-based company, known for its facial recognition brand Face++, reportedly plans to raise between $500 million and $1 billion
  • Megvii’s investors include Alibaba, Ant Financial and the Bank of China, and it has a valuation of more than $4 billion.”

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