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523 Loushanguan Rd,
Changning District, Shanghai, China

YITU Technology

Website: yitutech.com

We are pioneers of artificial intelligence research and innovation. YITU Technology integrates state-of-the-art AI technology business applications to build a safer, faster and healthier world.

YITU Technology Biometrics News


Congressional report advocates inching when miles are needed to curb China AI

The U.S. government should change how it uses sanctions to curb Chinese aggression, according to a House of Representatives committee….

Feb 2, 2024

Megvii, Yitu among companies slapped with fresh U.S. sanctions

Washington has added more names to a list of Chinese firms that could be supporting Beijing’s military-industrial complex, including facial…

Dec 16, 2021

Megvii, CloudWalk, Yitu to join SenseTime on US investment blacklist

U.S. investors are to be barred from investing in eight more Chinese firms alleged to be involved in abuses in…

Nov 9, 2021

China’s biometrics sector faces interesting hurdles but it’s not slowing soon

An investigative article out of China indicates that four biometrics unicorns in that country face substantial problems meeting earlier market…

Aug 20, 2021

Facial recognition unicorn gallops back to Hong Kong for prospective IPO

Yitu has set its sights on Hong Kong for an IPO, after its attempt to list in Shanghai followed an increasingly…

Jun 21, 2021

Not smarting from US sanctions, SenseTime says its IPO is on again

Face biometrics giant SenseTime is again pushing forward with a planned IPO. Expected to raise as much as $2 billion…

Jun 14, 2021

Ipsidy rebrands to reflect biometric authentication focus, prepares for uplist

Ipsidy is now known as authID.ai in a rebrand amid a flurry of organizational moves by the biometric authentication provider….

Mar 31, 2021

China’s controversial face biometrics standards co-authored by Dahua, Hikvision, Yitu: IPVM

Leading Chinese biometrics and security camera providers helped to craft standards for ethnicity-based identification, according to an IPVM report detailing…

Mar 12, 2021

Face biometrics giant Megvii approved for $925M IPO on Shanghai Star exchange

Megvii is the latest biometrics unicorn from China to move towards an IPO, with the Shanghai Stock Exchange accepting the…

Nov 5, 2020

Huge revenue jumps and beaten expectations show biometrics market strength

Yitu may be the next big stock offering in biometrics, in the biggest of several positive items for publicly traded…

Sep 17, 2020

Yitu files application for major face biometrics IPO in China

Yitu Technology is the latest facial biometrics unicorn based in China to apply for an initial public offering on a domestic…

Aug 26, 2020

Deep Glint and VisionLabs lead latest NIST biometric facial verification report

Steady improvement in facial biometric verification accuracy is shown by the new Face Recognition Vendor Test (FRVT) 1:1 Verification track…

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…

Jan 3, 2020

Yitu wins Shanghai government contract and considers IPO on city’s new exchange

Yitu Technology has reached a deal with municipal authorities in Shanghai as part of a campaign to increase artificial intelligence…

Nov 5, 2019

Yitu to develop national open AI platform for computer vision under new CTO

Yitu participated in the 17th International Conference on Computer Vision (ICCV 2019) in Seoul, Korea, with its new CTO and…

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 20, 2019

ID4D initiatives and TSA trials top this week’s biometrics and digital ID news

For the second consecutive week, Nigeria and airport biometrics made headlines on Biometric Update, though for different reasons. Several of…

Sep 13, 2019

Yitu and VisionLabs impress in latest NIST facial recognition test results

The latest results from the National Institute of Science and Technology’s (NIST’s) Ongoing Facial Recognition Vendor Test (FRVT) for Verification…

May 16, 2019

CLEAR and YITU represent biometrics industry on CNBC Disruptor 50 list

A pair of biometric companies have been recognized on the CNBC Disruptor 50 list of private companies changing the world…

Mar 6, 2019

Little overlap between NIST facial recognition testing leaders and U.S. government providers

Wired is asking “Why Chinese Companies Plug a U.S. Test for Facial Recognition” in an article highlighting the placement of…

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