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Alibaba-Backed AI Startup Megvii Receives Go-Ahead for 6 Billion Yuan Shanghai IPO
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Alibaba-Backed AI Startup Megvii Receives Go-Ahead for 6 Billion Yuan Shanghai IPO

Sep 11, 2021
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Alibaba-Backed AI Startup Megvii Receives Go-Ahead for 6 Billion Yuan Shanghai IPO
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(Source: Pandaily) 

On September 9, an official announcement issued by the Shanghai Stock Exchange showed that the initial listing of AI firm Megvii Technology on the Science and Technology Innovation Board has been approved.

Megvii proposed to raise 6.018 billion yuan ($934.6 million) in the transaction. According to its updated prospectus on September 2…

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