922m Megvii Hk Ipo Trump
The 922M Megvii HK IPO Trump is a highly anticipated event for many investors. The Hong Kong-based Megvii Technology is expected to become the first Chinese AI giant to list on the Hong Kong Stock Exchange. The company, which is backed by Chinese tech giant Alibaba, is looking to raise up to US$1.2 billion from the IPO. The company is planning to use the proceeds from the IPO to expand its research and development, as well as to invest in new technologies.
Background
Megvii Technology is a leading artificial intelligence (AI) company in China. Founded in 2011, the company is now one of China’s largest providers of facial recognition technology, with more than 200 million customers in over 100 countries. Its services have been used in various applications, such as security and surveillanc...