Chinese facial recognition company Megvii might decide to postpone its initial public offering (IPO), due to tensions and the trade war between the U.S. and China. Last month, Megvii announced that it had raised $750 million in funding, giving it a value of $4 billion....
Megvii, the Chinese artificial intelligence (AI) company that goes by the name Face++, announced on Wednesday (May 8) that it has raised $750 million in funding. According to a report in Reuters, Megvii now has a valuation of a little more than $4 billion. Citing...
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to Bloomberg, the Beijing-based company already boasts investors such as Jack Ma’s Ant Financial and one of China’s largest state-backed venture...
August 27, 2019
AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange. The Beijing-based company, known for its facial recognition brand Face++, reportedly plans to raise between $500 million and $1 billion and list in the fourth quarter of this year, according to Reuters. The prospectus did not reveal any information […]
June 07, 2019
Chinese facial recognition company Megvii might decide to postpone its initial public offering (IPO), due to tensions and the trade war between the U.S. and China. Last month, Megvii announced...
May 08, 2019
Megvii, the Chinese artificial intelligence (AI) company that goes by the name Face++, announced on Wednesday (May 8) that it has raised $750 million in funding. According to a report...
July 24, 2018
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to Bloomberg, the Beijing-based company already...
