The U.S. Commerce Department on Monday placed 28 Chinese public security bureaus...
Megvii filed for an IPO this summer of at least $500 million in Hong Kong, while SenseTime raised $620 million in a second round of funding in just two months last year and is one of the world’s most valuable unicorns in artificial intelligence.
The department filing said the “entities have been implicated in human rights violations and abuses in the implementation of China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups.” Being added to the “Entity List” bars companies or other entities from buying parts and components from U.S. companies without U.S. government approval.
A U.S. Hikvision spokesman said late on Monday the company “strongly opposes today’s decision by the U.S. government” and noted in January it retained a human rights expert and former U.S. ambassador to advise the company on human rights compliance.
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