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Haidian District
Beijing, China


Website: megvii.com

Megvii Technology Limited operates a face detection, recognition, and analysis platform for Websites, mobile applications, and smart televisions. It offers an online API; offline SDKs to enterprise partners with license charge; and customized cloud services for enterprise partners with service charges. The company offers face detection/tracking, facial point detection, smile analysis, gender/age/race analysis, face verification, face recognition, and large-scale face search solutions. Megvii Research USA is the first North America branch of Megvii / Face++.

Megvii Biometrics News


Alibaba and China Mobile rumored to be investing $443M in Dahua’s biometric surveillance business

Dahua may be in line for a major investment in its biometric surveillance business from Alibaba and China Mobile, with Reuters reporting…

Aug 26, 2020

Megvii partners with Storefriendly for automated warehouse solution with biometric authentication

Megvii has launched a warehouse automation solution with facial biometrics and smart logistics capabilities that it claims can improve space utilization…

Jul 29, 2020

Biometrics unicorns Megvii and SenseTime’s revenues reportedly bounced back from Entity List impact

Top Chinese biometrics unicorns Megvii and SenseTime are not experiencing prolonged difficulty raising funds or winning foreign contracts despite the blocks put…

Jun 23, 2020

Face and voice biometrics providers in China boosted by AI market growth, Megvii works on robot network

With $2.89 billion registered in 2019, IDC reports the AI software and application market in China is forecast to grow…

May 19, 2020

Megvii partners with ARB to explore biometrics and IoT tech in Malaysia

Malaysian software development company ARB has partnered with Megvii to dive into AI biometric facial recognition applications and IoT technology…

May 15, 2020

CloudWalk raises $250M and plans IPO as biometrics firms flourish in China during pandemic response

CloudWalk has raised RMB 1.8 billion (US$254 million) in funding from a group of provincial and municipal funds in China to…

Apr 6, 2020

Megvii registers major biometrics revenue fall following U.S. trade blacklist

Chinese AI company Megvii suffered a major blow in terms of revenue after it was included on the U.S. trade…

Apr 1, 2020

Politically closed China keen on programmatically open AI

The Chinese news service Xinhua is reporting that that nation’s authoritarian government is promoting the use of open-source artificial intelligence…

Feb 24, 2020

Megvii to refile for lapsed blockbuster biometrics IPO in Hong Kong by end of March

Although currently still on a U.S. blacklist, biometrics unicorn Megvii is refiling for the Hong Kong IPO, writes Reuters, after…

Feb 10, 2020

SenseTime develops biometric identification system for masked faces as Chinese companies adapt to crisis

The Coronavirus outbreak is providing challenges for Chinese authorities that may also be opportunities for biometrics companies like SenseTime and…

Jan 6, 2020

Megvii gets green light for $500 million Hong Kong IPO

Chinese artificial intelligence unicorn Megvii received a green light from the stock exchange for $500 million Hong Kong IPO, Reuters…

Nov 25, 2019

Major biometrics IPO delayed as committee requests more info from Megvii

Regulators in Hong Kong have asked Megvii for more information on its planned initial public offering (IPO), in what Reuters…

Nov 19, 2019

Megvii advances approval request for blockbuster biometric IPO in Hong Kong

Despite being placed on the U.S. government blacklist for its biometric facial recognition platform Face++, alongside other Chinese technology developers…

Nov 7, 2019

Idex restructures and Megvii denies IPO delay as biometrics industry grapples with broad market shifts

A major shift in the fingerprint sensor market has motivated Idex Biometrics to restructure its business, while a major shift…

Oct 17, 2019

Megvii pushes ahead with IPO plans as biometrics market grapples with ban fallout

The potential blockbuster initial public offering of biometric facial recognition unicorn Megvii is still being planned for early November, despite…

Oct 15, 2019

Taiwan to investigate biometrics company Megvii following U.S. blacklisting

After Chinese biometrics company Megvii was blacklisted by the U.S. government last week, Taiwan Economics Minister Sheng Jong-chin announced at…

Oct 9, 2019

Goldman Sachs reconsiders support of Megvii IPO, MIT reevaluates SenseTime link

Megvii IPO sponsor Goldman Sachs Group has decided to reconsider its role in the biometrics unicorn’s initial public offering, after…

Oct 8, 2019

U.S. drops Entity List hammer on Chinese facial recognition unicorns and biometrics providers

The U.S. Government has added 28 organizations to its Entity List, banning major biometrics companies including Dahua, Hikvision, iFlytek, Megvii,…

Sep 3, 2019

Biometrics stocks update: Zwipe explores new listing, Ambarella earnings, Megvii IPO

Biometrics companies which are publicly traded or planning to soon be are experiencing the uncertainty of the developing smart cards…

Aug 30, 2019

Business and development opportunities top this week’s biometrics and digital ID news

During a week of mostly good news for the biometrics industry, top stories on Biometric Update broadly follow themes of…

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