Megvii Technology: Strongly opposes the U.S. Treasury Department's inclusion of the company in the list of "China's military-industrial complex enterprises"

2021-12-17 09:22:06

On December 17, Megvii Technology issued a statement saying that it strongly opposed the US Treasury Department's inclusion of Megvii in the list of "China Military-Industrial Complex Enterprises (NS-CMIC)". The company claimed that the decision and related allegations were unfounded.

The U.S. government added Megvii to its Entity List in 2019 with the same allegations. The Company reiterates that Megvii has always adhered to the mission of "benefiting the public with artificial intelligence" to ensure that the company's technology has a positive impact on society and complies with all laws and regulations in the region where the service is provided. This inclusion in the list will not have an impact on Megvii's daily operations.

Megvii Technology: Strongly opposes the U.S. Treasury Department's inclusion of the company in the list of "China's military-industrial complex enterprises"

Megvii Technology U.S. Treasury Department U.S. Government

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Megvii Technology: Strongly opposes the U.S. Treasury Department's inclusion of the company in the list of "China's military-industrial complex enterprises"

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