Chinese AI start-up Megvii files for Hong Kong IPO of at least $500 million
https://www.reuters.com/article/us-megvii-ipo/chinese-ai-start-up-megvii-files-for-hong-kong-ipo-of-at-least-500-million-idUSKCN1VG05I
Chinese AI firm Megvii Technology Ltd, backed by Alibaba, has filed in Hong Kong to conduct an IPO targeting proceeds of at least $500 million, two people said, just as the city faces political unrest and its first recession in a decade.
