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Report: Chinese AI startup could go public at up to $2B valuation

Chinese artificial intelligence startup AInnovation could pursue a public float in less than two years at a valuation of as much as $2 billion, Bloomberg News reported.

The company, a subsidiary of Sinovation Ventures (Beijing) Enterprise Management Ltd., would most likely list on the Star market or on the ChiNext, according to the report.

AInnovation develops AI products for companies in the retail, manufacturing and finance sectors.