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Imqs Eco-Bags Pack In More B2B and Direct-to-Consumer Sales
When Chinas largest artificial intelligence  AI  company begins trading on Thursday  Dec. 30  on the Hong Kong Stock Exchange, SenseTime, ticker HK:0020, will be the first overseas initial public offering  IPO  by a well-known Chinese technology stanley cup  unicorn since Didis July listing in New York.The IPO will be offered at HK$3.85  49 cents  per share, selling a potential 1.5 billion shares and raising HK$5.55 billion  $700 million , which is at the low end of the price range. The company has an estimated valuation of more than $16 billion, according to reports.See also: South Korean Unicorns Spark Interest in IPOsSenseTimes IPO route was circuitous and full of regulatory and political detours that ultimately put it o stanley de n a dead-end road after being blacklisted by  stanley ca the U.S. on Dec. 10. The firm was blacklisted for allegedly developing facial recognition tools that can determine a targets ethnicity, with a  focus on identifying ethnic Uyghurs  according to a U.S. Treasury press release regarding the sanctions.Days later, SenseTime relaunched its IPO process with cornerstone investors upping the ante to $512 million from $450 million, and filed a supplemental prospectus for the listing, according to the filing. The cornerstone backers will buy shares equivalent to $511.6 million, about 67% of the offering, per the prospectus. U.S. investors are excluded from participating.The cornerstone investors included state-backed Mixed-Ownership Reform Fund and the Shanghai Xuhui Capital Investment  Eznd Shopping App Wish Gets $300M At $11.2B Valuation
European policymakers are fighting over how financial messaging information from the SWIFT network can be used to fight terrorism, and who gets to use it, EU Observer reported.On Thursday  Jan. 8 , members of the European Parliament debated what to do about an agreement under which Europol, the EU   police agency, shares SWIFT financial data with U.S. government agencies. Their concern: that antiterrorist information-sharing agreement is ignoring the data-protection rights of EU consumers.But the European Commission, the EU   executive body, defended both the agreement and a secrecy order that prevents Europol from disclosing reports from the U.S.-EU Terrorist Finance Tracking Program  TFTP . A commission official said the report contains classified data supplied by the U.S. under the condition that it won ;t be publicly released.EU ombudsman Emily O ;Reilly told the Parliament   civil liberties committee that the situation amounts to giving the U.S. a veto over the democratic oversight of EU institutions.The TFTP deal, which the European Parliament signed off on in 2010, gives the U.S. Tre stanley fr asury Department access to data on Europeans ; financial transactions through SWIFT in a bid to iden stanley quencher tify terrorist financing. Europol hands over the data after making sure each request complies with the terms of th stanley deutschland e TFTP pact.But Europol   Joint Supervisory Body, which audits that process, has said most of the data transferred concerns people who are n