US said to put China's SenseTime on blacklist ahead of $767m listing

SenseTime Co-Founder Xu Chiheng demonstrates surveillance software of his company on a laptop at the SenseTime office in Beijing, China, October 11, 2017. REUTERS/Thomas Peter/File Photo

The United States will put Chinese artificial intelligence company SenseTime on an investment blacklist on Friday, the Financial Times reported, citing people familiar with the decision, as the company is finalising its Hong Kong IPO.

The startup had not been aware it could be added to a U.S. blacklist, according to two sources with direct knowledge of the matter, adding the news also caught bankers working on the $767 million deal by surprise.

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