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China’s Biggest AI Firm SenseTime Group Files for Hong Kong IPO

August 28, 2021
Source: bloombergquint.com bloombergquint.com
News Snapshot:
China’s Biggest AI Firm SenseTime Group Files for Hong Kong IPO (Bloomberg) -- SenseTime Group Ltd. filed plans for an initial public offering that would list China’s largest artificial intelligence company on the Hong Kong exchange. China International Capital Corp., Haitong Securities and HSBC Holdings Plc are joint sponsors on the proposed offering, the company said in documents filed with the exchange on Friday. The IPO could raise at least $2 billion, depending on the valuation the company is seeking, people familiar with the matter have said. The SoftBank Group Corp.-backed company, which makes AI technology for interpreting images, has...
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