https://wccftech.com/megvii-the-alibaba-backed-unicorn-to-ipo-soon-in-hong-kong/

Megvii, a unicorn artificial intelligence startup with the backing of Alibaba group holding ltd.(NYSE:BABA) is reportedly planning on seeking to IPO on the Hong Kong Stock exchange. This is despite the ongoing tensions caused by the US-China trade war as also the anti-CCP protests in Hong Kong. whereas other such hopefuls have put their plans on hold given the uncertain outlook in the region, Megvii according to the anonymous source is undeterred and plans on filing documents soon with the exchange for an Initial Public Offering.

We’ve written on the site recently about the various global tech IPOs occurring this year and it does feel as though there is a rush to market to capitalize on global stock market highs in the wake of unprecedented low-interest rates and huge VC pools of money sloshing around. Additionally, concerns over yield curve inversions and other economic indicators which make us feel like the longest market bull run in history may be approaching its peak. The trade war is also obviously a major concern and any Chinese companies looking to raise capital from public markets will no doubt be attempting to do so before any major damage is done in the trade war which could put off global investors.