Heard on the Street: China’s SenseTime has overcome headwinds to go public. Its next challenge is to find a path to profit.
, alleging that the company’s facial-recognition technology was used in the oppression of mainly Muslim ethnic minorities in China’s Xinjiang region.
SenseTime said its lawyers advised that the sanctions applied only to an unlisted subsidiary, but it anyway excluded U.S. investors from its IPO after its restart this week. Support from cornerstone investors, including state-backed ones, have helped carry it through the storm.
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