The move came more than a year after Megvii, known for its computer vision platform Face++, filed to go public in Hong Kong in August 2019. At the time, Reuters reported that the company could raise between $500 million and $1 billion. However, the firms IPO application in Hong Kong has lapsed for undisclosed reasons and its focus is now on Shanghais STAR board, a person with knowledge of the matter told TechCrunch. In 2019, China established the STAR board to attract high growth, unprofitable...

Read the full article at TechCrunch