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On September 9, AI firm Megvii Technology gained approval to carry out a public listing on the Shanghai Sci-Tech Innovation Board (STAR Market). The IPO path of the company has not been smooth.
Following SenseTime's recent ban, the U.S. Treasury Department placed eight more Chinese companies, including DJI, a drone maker, on an investment blacklist.
An official announcement issued by the Shanghai Stock Exchange on Thursday showed that the initial listing of AI firm Megvii Technology on the Science and Technology Innovation Board has been approved.