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Chinese Professor Lands $3.4 Billion Fortune With SenseTime IPO

December 29, 2021
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
(Bloomberg) — Just weeks after the U.S. placed a unit of SenseTime Group Inc. on a blacklist for alleged human rights violations, the firm is about to make founder Tang Xiao’ou one of the world’s richest people. Most Read from Bloomberg China’s largest artificial intelligence company priced its initial public offering at HK$3.85 (49 cents) per share. That was the bottom of the expected range, but a signal that despite increased tensions with the U.S. and Beijing’s crackdown on tech giants, the country, including its vast surveillance machinery, continues to churn out huge fortunes and massive gains for venture capitalists....
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