Sources: Alibaba-backed AI startup Megvii, owner of facial recognition developer Face++, is considering an IPO in Hong Kong that could raise as much as $1B (Lulu Yilun Chen/Bloomberg)

Lulu Yilun Chen / Bloomberg:
Sources: Alibaba-backed AI startup Megvii, owner of facial recognition developer Face++, is considering an IPO in Hong Kong that could raise as much as $1B  —  – Owner of Face++ is said to consider Hong Kong as a destination  — AI startup said to weigh raising at least $500 million