Chinese AI firm SenseTime refutes short-seller report allegations

News Snapshot:

Nov 28 (Reuters) - Chinese artificial intelligence software developer SenseTime Group (0020.HK) said on Tuesday that a short-seller report by Grizzly Research LLC is 'without merit' and will review the allegations against the company. Earlier on Tuesday, the short-seller's report alleged the AI firm was artificially inflating revenue through revenue fabrication schemes. Shares of the company fell as much as 9.7% to trade at HK$1.30 per dollar, hitting its lowest since last November. Reporting by Archishma Iyer in Bengaluru; Editing by Nivedita Bhattacharjee Our Standards: The Thomson Reuters Trust Principles.