Black Sesame is working with  China International Capital Corp. and Huatai International on the offer.

The company was founded in 2016 to pursue AI technologies for image processing, perception algorithms and SoC design.

In its Series C and C+ rounds last year, the conpany raised  over $500 million, valuing it at nearly $2 billion.

Xiaomi was a lead investor in the round.

The proposed timetable is to issue the prospectus in H1 and IPO in H2.