WASHINGTON – The U.S. Commerce Department on Monday placed 28 Chinese public security bureaus and companies -- including video surveillance company Hikvision and seven other companies -- on a U.S. trade blacklist over Beijing's treatment of Uighur Muslims and other predominantly Muslim ethnic minorities. Those added to the so-called Entity List include the Xinjiang Uighur Autonomous Region People's Government Public Security Bureau, 19 subordinate government agencies and eight commercial firms, according to a Commerce Department filing. The companies include some of China's leading artificial intelligence firms such as SenseTime Group Ltd., and Megvii Technology Ltd., which is backed by Alibaba, as well as Hikvision, formally known as Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology, IFLYTEK Co. Xiamen Meiya Pico Information Co., and Yixin Science and Technology Co. Megvii filed for an IPO this summer of at least $500 million in Hong Kong, while SenseTime raised $620 million in a second round of funding in just two months last year and is one of the world's most valuable unicorns in artificial intelligence. While U.S. officials said the announcement was not tied to this week's resumption of trade talks with China, the announcement sets the tone for a potentially more aggressive positioning by Washington in negotiations with Beijing to end an 15 month trade war between the world's biggest economies. Reuters reported on the planned additions earlier on Monday, before the Commerce Department made it official.
Oct-8-2019, 03:00:24 GMT