China's SenseTime said to seek up to $1b funding, defer HK IPO

China's SenseTime said to seek up to $1b funding, defer HK IPO

Photo: Reuters

Chinese artificial intelligence startup SenseTime Group has deferred its plan for an up to $750 million initial public offering in Hong Kong this year and instead aims to tap private markets, people briefed on the plan said, joining the list of companies scrapping share-sale plans as the novel coronavirus outbreak batters markets.

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