Artificial Intelligence Company Megvii plans for a $500 million Hong Kong IPO

Megvii an artificial intelligence company is planning for a 500 million dollars IPO. Recently, the company’s Initial Public Offering listing application was approved by Hong Kong’s stock exchange. This information is sourced from Reuters.

Megvii was started in 2011 by Chief Executive Yin Qi and two friends from Tsinghua University. The company provides AI technology to governments and corporations including Alibaba, Ant F....