News Snapshot:
China’s artificial intelligence unicorn SenseTime submitted an application to list on the HKEx on August 27, with China International Capital Corporation Limited (CICC), Haitong International Securities Group Limited and HSBC as co-sponsors. SenseTime, founded in 2014, has introduced a series of leading artificial intelligence technologies, including automatic driving, augmented reality, facial recognition, image recognition, object recognition, character recognition, medical image analysis and others. According to its prospectus, SenseTime’s revenue in the first half of 2021 reached 1.652 billion yuan ($255 million), compared with 861 million yuan in the same period last year, up 91.87% year-on-year. The loss in the first...
