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

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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