China AI startup Megvii said to file for HK IPO soon despite protests

China AI startup Megvii said to file for HK IPO soon despite protests

Artificial intelligence. Photo: Reuters

Chinese artificial intelligence startup Megvii is filing documents soon for a Hong Kong initial public offering that could raise as much as $1 billion, people familiar with the matter said, proceeding despite a market downturn spurred by pro-democracy protests across the financial hub.

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