SoftBank’s Vision Fund seeks to invest almost $1 billion in SenseTime Group Ltd

SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.

The fund and SenseTime are finalizing the terms of the deal and the details could still change, reports Reuters

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SenseTime in May raised $620 million in a round of funding from Fidelity International, Hopu Capital, Silver Lake and Tiger Global, and $600 million in April led by Alibaba Group Holding Ltd.

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