Chinese surveillance giant SenseTime has offered up a fig leaf, says petesweeneypro
Facial recognition technology specialist SenseTime announced it has sold out of a joint venture in the Chinese region of Xinjiang, the Financial Times reported on April 15, citing a statement from the company.
The venture, Tangli Technology, is a supplier of surveillance technology to the government in Xinjiang, where security forces are engaged in an unprecedented campaign to suppress religious extremism. SenseTime said in 2017 that it plans an initial public offering, but has not provided timing, size or location.
The video surveillance market in China is tipped to be a $20 billion industry by 2022, according to Bernstein research, up from $8 billion in 2017.
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