Goldman ‘evaluating’ role in Chinese AI firm Megvii’s IPO after US blacklisting
Goldman is a joint sponsor of the Megvii IPO, alongside Citigroup and JPMorgan Chase
09 October 2019 - 17:59
New York — Goldman Sachs said on Tuesday it was reviewing its involvement in Megvii Technology’s planned initial public offering after the US government placed the Chinese artificial intelligence (AI) firm on a trade blacklist (https://www.businesslive.co.za/bd/world/2019-10-08-us-widens-its-blacklist-to-include-chinas-ai-start-ups/).
The Trump administration said on Monday that Megvii and seven other Chinese companies were targeted because they were implicated in Beijing’s repression of Muslim minority populations in the Xinjiang Uighur Autonomous Region in the far west of the country...
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