News Analysis Japanese investment giant SoftBank has been bracing for successive financial losses in China, not only because of China’s tighter regulations, but also because its investment business in China’s artificial intelligence technology sector has fallen into the realm of the latest U.S. ban on the Chinese military. U.S. Treasury Department announced on Dec. 10 that U.S. entities are prohibited from investing in SenseTime—a Chinese artificial intelligence company that is one of the SoftBank investment targets—which has been accused of supporting the Chinese Communist Party’s (CCP’s) use of repressive surveillance technology and is listed on the Chinese Military-Industrial Complex Company list. SenseTime was scheduled to go public in Hong Kong the same day. The company was valued at $6 billion in 2018 when SoftBank invested $1 billion in it. A senior Hong Kong trader told the Financial Times that some clients with share orders for SenseTime have warned that they …