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…
Megvii
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…
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…
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…
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…
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…
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…
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…
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…
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…
