Goldman Sachs said it was reviewing its involvement in Megvii Technology’s planned IPO after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist
NEW YORK/HONG KONG - Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the U.S. government placed the Chinese artificial intelligence firm on a human rights blacklist.
“We are evaluating in light of the recent developments,” Goldman said in an emailed statement in response to a request for comment on the IPO. Beijing denies any mistreatment at the camps, which it says provide vocational training to help stamp out religious extremism and teach new work skills.
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