It has raised $1.4 billion to date, including a huge $750 million Series D raise in May that was led by the Bank of China. 28 Chinese government agencies and companies, Nio, Xpeng, Li Auto: your cheat sheet to China's listed Tesla rivals, EV maker Byton CEO departs amid restructuring: report, China Tech Investor: Xiaomi’s resilience, with Bryan Ma, Zoom will be local version-only for Chinese users. Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. Details: The organizations added to the so-called “Entity List” include the Xinjiang Uighur Autonomous Region People’s Government Public Security Bureau, 19 subordinate government agencies, and eight commercial firms across China, according to a Commerce Department filing.
The company, Yitu shares Sensetime’s attitude towards the US sanctions, adding that the company wishes to be treated by the US government fairly, according to a, Megvii has in August filed in Hong Kong to conduct an initial public offering targeting proceeds of at least $500 million, according to, Shanghai-based Yitu is also considering a listing on China’s Star Market as early as this year, Bloomberg, Sensetime has opted out of operations in Xinjiang by selling out its 51% stake in a security joint venture in the region, the. When a journalist asked a Chinese Foreign Ministry spokesman if China would retaliate to the blacklisting, he replied "stay tuned," the report said. Although the DoC's decision is likely to exacerbate US-Chinese tensions over trade, it was revealed Wednesday that the Federal Reserve expressed concerns over the trade war's potential impact on the US economy. The list also includes some of China’s largest artificial intelligence startups such as Sensetime, the world’s most valued AI private company, Alibaba-backed facial recognition firm Megvii, and another facial recognition software maker Yitu, as well as iFlytek, a Shenzhen-listed voice recognition software maker. Vous pouvez modifier vos choix à tout moment dans vos paramètres de vie privée. It’s unclear how those investments will be affected by the blacklist designation, which will also affect these companies' relationships with US-based sensor and chip suppliers, including Qualcomm and Nvidia.
Major disruption at Okex, Filecoin strike: Blockheads, INSIGHTS | Data localization is going global, Proudly powered by Newspack by Automattic. Sign up to 10 Things in Tech You Need to Know Today. Major investors are reportedly concerned, too. The companies include Hangzhou-based Hikvision and Dahua Technology, two of the world’s largest manufacturers of video surveillance gear. In a statement on its website published Tuesday, the firm — which develops image recognition and surveillance tech for use in industries including medicine and transportation — said it "will work closely with all relevant authorities to fully understand and resolve the situation.". Buzzy Chinese AI startup SenseTime has said it is "deeply disappointed" that the US recently decided to blacklist it. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider
since. Why it matters: The move came just three days before the visit of Chinese vice-premier Liu He to restart high-level trade talks with Washington to end a yearlong trade war between the world’s biggest economies. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit.
On Monday, the Department of Commerce added 28 Chinese companies to the blacklist, which is known as the "Entity List.". The future of China’s largest artificial intelligence company was thrown into question last year when it was blacklisted by the Trump administration. Amid the wave of disappointing tech IPOs in 2019, one major investor, Goldman Sachs, is reportedly reviewing its involvement in Megvii's planned listing after the tech firm was put on the list. A US Hikvision spokesperson said on Monday the company “strongly opposes today’s decision by the US government” and that the move could “hurt Hikvision’s US business partners and negatively impact the US economy,” according to, Hikvision, with a market value of about $42 billion, receives nearly RMB 15 billion (around $2.1 billion) in revenue, or 30% of its total revenue, from overseas.
SenseTime is the second-most valuable artificial intelligence startup in the world, with investments from tech giants SoftBank and Alibaba and a private market valuation of … The blacklisting represents an abrupt change in fortune for SenseTime, which became one of the most valuable AI startups in the world in May 2018 after a huge $600 million fundraise saw it valued at $4.5 billion. Today, SenseTime is thriving with growing demand for its facial recognition software, especially as local governments in China adopt its technology to battle the coronavirus.
Subscriber Federal Reserve officials were revealed to have voiced concerns over the ongoing trade war's possible effects on the US economy, after minutes from a September meeting were published Wednesday.
On Wednesday, a Hikvision spokesman told Reuters that "punishing Hikvision, despite these engagements, will deter global companies from communicating with the US government, hurt Hikvision's US businesses partners and negatively impact the US economy.".
The US Commerce Department on Monday placed 28 Chinese government agencies and companies, including video surveillance gear maker Hikvision and artificial intelligence firms SenseTime and Megvii, on a trade blacklist over Beijing’s alleged treatment of Uighur Muslims and other predominantly Muslim ethnic minorities in the Xinjiang Uighur Autonomous Region. Like SenseTime, the Beijing-based image recognition firm develops image recognition and deep learning for use in commercial and public-sector contexts. In May, BuzzFeed News revealed the process by which money from US public pension funds, university endowments, and foundations helped fund SenseTime and Megvii. SenseTime and Megvii are trying to reduce their reliance on American software and circuitry by developing their own chips. TechCrunch fait partie de Verizon Media. Découvrez comment nous utilisons vos informations dans notre Politique relative à la vie privée et notre Politique relative aux cookies. The Massachusetts Institute of Technology said it is reviewing the university’s relationship with SenseTime, one of eight Chinese tech companies placed on the U.S. Chinese AI startup SenseTime has said it is "deeply disappointed" that it was added to a US government blacklist that makes it harder for them to trade with US firms. Wei Sheng is a Beijing-based reporter covering hardware, smartphone, and telecommunications, along with regulations and policies related to the China tech scene. A similar move against Chinese telecommunications equipment maker Huawei has forced the companies to lower revenue forecasts by.
More by Wei Sheng. Huawei's Harmony OS: a third major mobile operating system? On Tuesday, the Department of Commerce announced it was adding 28 Chinese firms to its "Entity List" – a trading blacklist which forces US companies to seek government permission before they can do business with any firms listed on it. Context: The move comes as two of the AI startups have started their plans to go public on China’s Nasdaq-style tech board and the Hong Kong Stock Exchange. US and European stocks dropped on Tuesday, and according to a report from Bloomberg, China's Foreign Ministry has hinted at possible retaliation.
The US Commerce Department on Monday placed 28 Chinese government agencies and companies, including video surveillance gear maker Hikvision and artificial intelligence firms SenseTime and Megvii, on a trade blacklist over Beijing’s alleged treatment of Uighur Muslims and other predominantly Muslim ethnic minorities in the Xinjiang Uighur Autonomous Region. Monday’s blacklisting … Before joining TechNode, he wrote about... Visit Business Insider's homepage for more stories. This site uses Akismet to reduce spam. Being added to the trade blacklist bars entities from buying components and technology from American companies without US government approval. Learn how your comment data is processed. This site, like many others, uses small files called cookies to help us improve and customize your experience. The Commerce Department, however, said the announcement was not tied to this week’s resumption of trade talks with China.
Account active Image recognition specialist Megvii was one of the firms added to the US's 'Entity List' on Monday. Your morning cheat sheet to get you caught up on what you need to know in tech. Latest news and trends about tech in China. as well as other partner offers and accept our.
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