Goldman Sachs reviews role in Chinese tech firm Megvii
Goldman
is a joint sponsor of the Megvii initial public offering, alongside Citigroup and JPMorgan Chase.
The US has blacklisted 20 Chinese government entities and eight firms it said were implicated in “repression, mass arbitrary detention, and high-technology surveillance”.
Most of the government entities
are security bureaus, while the eight firms are primarily AI-driven companies with applications that can be used for surveillance.
Megvii’s main Chinese competitors
SenseTime and Yitu were also listed,
as was voice recognition company iFlytek and security camera giant Hikvision.
BBC News