Chinese AI group SenseTime launches downsized Hong Kong IPO

Company known for facial recognition seeks up to $767m, down from $2bn target

20211207 Sensetime

Nine cornerstone investors, mostly state-owned enterprises, have committed to buy as much as 60% of SenseTime's IPO shares. © Reuters

Nikkei staff writers

HONG KONG -- Chinese artificial intelligence developer SenseTime Group aims to raise as much as $767 million as it opens its initial public offering in Hong Kong on Tuesday.

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