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IPO

SenseTime shares gain in Hong Kong market debut

Stock of AI facial recognition company gains as much as 23%

SenseTime says 60% of the IPO proceeds will be devoted to research and development, with the rest used for business expansion and working capital.   © Reuters

HONG KONG -- Shares of Chinese artificial intelligence developer SenseTime surged in initial trading in Hong Kong in the climax of the company's rocky journey to go public.

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