Exclusive: China's SenseTime plans IPO, aims to open R&D center in U.S.

HONG KONG (Reuters) – Chinese artificial intelligence start-up SenseTime Group is planning an initial public offering (IPO) and aims to open a research and development (R&D) center in the United States as early as next year, its founder told Reuters in an interview.

The Hong Kong and Beijing-based deep learning company founded by Tang Xiaoou, a professor at the Chinese University of Hong Kong, is a leader among Chinese AI start-ups that are enjoying fast growth thanks to demand from the government and private sector for their facial recognition technology.[nL4N1N72PS]

Reporting by Sijia Jiang; Editing by Anne Marie Roantree and Stephen Coates

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