According to the Shanghai Stock Exchange (SSE) on Monday, the registration procedure for AI company Megvii's issuance of shares has been resumed, with a prospective financing amount of 6.018 billion yuan ($887.5 million).
Hu Zijian, a former driver for Megvii Technology, threatened to sell recordings with sensitive information about the company to competitors in February, demanding $465,224 from Yin Qi, chairman of the company's board of directors.
