Chinese AI start-up Megvii files for Hong Kong IPO of at least $500 million

Chinese artificial intelligence provider Megvii Technology Ltd, backed by Alibaba, has filed for an IPO of at least $500 million in Hong Kong, two people said, coming at a time of political unrest in the city and potential first recession in a decade.

from Reuters: Technology News https://ift.tt/2ZvkveA