Chinese AI firm Megvii to refile for Hong Kong IPO

Chinese AI firm Megvii to refile for Hong Kong IPO

FILE PHOTO: The logo of Face++ facial recognition software is seen at the Security China 2018 exhibition on public safety and security in Beijing, China, October 24, 2018. REUTERS/Thomas Peter

Chinese artificial intelligence company Megvii Technology, which is on a U.S. blacklist, plans to refile for a Hong Kong initial public offering after its current application lapses on Tuesday, two people with direct knowledge of the matter said.

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