FAST NEWS: SenseTime’s loss widens despite cost controls
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 10.6% to 3.41 billion yuan ($472 million) last year, while its non-GAAP net loss rose 14.2% to 5.41…
FAST NEWS: SoftBank cuts SenseTime holding for seventh time in past year
The latest: Japan’s Softbank Group (9984.T) disclosed it sold 32.08 million shares of China’s leading artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) at an average price of HK$0.9314 per share on Feb. 28, according…
Not quite closure: Alibaba exit leaves questions for SenseTime
Investors have been cashing out of the Chinese AI specialist while other AI stocks around the world are surging Key Takeaways: SenseTime’s battered share price enjoyed a brief bounce after…
SenseTime joins chatbot frenzy, as major shareholders say ‘No thanks’
The Chinese AI specialist recently launched its own ChatGPT-equivalent, just as two major shareholders sold down some of their stakes Key Takeaways: SenseTime released its SenseChat chatbot around the same…
Tencent Stock In Turbulence Again Just As Regulatory Crackdown Eases
The tech giant’s stock lost 11% after its largest shareholder decided to sell down its stake, retreating from recovery from a prolonged regulatory crackdown on the technology sector Key takeaways:…
Long-Time Money-Losing AI Giant SenseTime Seeks High Valuation Listing
The controversial unicorn has lost 24.2 billion yuan in the last three and a half years, as it plans to raise up to $2 billion in a Hong Kong IPO…
