YITU: KEY STAT US-blacklisted AI company Yitu files for Shanghai IPO

5 Nov 2020 Share China's cash-burning AI companies have encountered difficulties with public fundraising due to blacklisting by the US government.Artificial intelligence (AI) developer Yitu Technology, which is banned from conducting business in the US since 2018, on Thursday filed for an initial public offering (IPO) on the Shanghai Stock Exchange, KrASIA has learned....This news comes via ChinaPulse.com, which delivers news, data, analysis, and insights on Chinese business, travel, finance, health, military, investment, and technology.