public surveillance in China may boost A.I. tech firms

Public surveillance through CCTV cameras is commonplace in the country, but Big Brother is widening his reach. China has a national surveillance scheme, dubbed “Sharp Eyes,” which connects government and private sector cameras and sensors. Those are loaded with facial recognition features, video analytics and AI. “Sharp Eyes” will detect crime, control access and secure commerce.

There are 326 unicorns globally, according to research firm CB Insights. About half of them are in the U.S., while roughly one-third, or over 90, are in China and Hong Kong.

Many Chinese tech firms choose to list in the U.S. However, with the Shanghai Stock Exchange set to launch a Nasdaq-style “technology innovation board” in the coming months, many big consumer firms might consider dual listings, said Chan.

But Chinese companies with a “meaningful” proportion of revenue from doing business related to government security would likely choose to list domestically, said Chan.

“It’s also favorable for a company to have a domestic listing. It‘s not just about attracting capital, but selling your brand and showing the local people that you are not just earning their money, but you also share your wealth. These are very important considerations,” he said.

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