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SenseTime Shares Surged More Than 35% in Hong Kong

Tiger Newspress2022-01-03

Chinese artificial intelligence giant SenseTime shares surged more than 35% in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh U.S. sanctions..

Founded in 2014 by computer scientists, SenseTime specializes in AI-powered software that analyzes faces and images on an enormous scale and works with retailers and health-care researchers around the world.

The firm has invested heavily in building super computers that can train client-facing AI models, an effort that’s set to pay off as the loss-making company scales up. Revenue in the six months ended June 30 nearly doubled to 1.65 billion yuan ($259 million), while net losses narrowed to 3.7 billion yuan from 5.3 billion yuan in the first half of 2020.

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评论5

  • vbjvvbb
    ·2022-01-07
    Ok
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  • auahau
    ·2022-01-03
    wow
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  • NP_YT
    ·2022-01-03
    Good
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    收起
    • WinZ
      [Smile]
      2022-01-03
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  • SSSG
    ·2022-01-03
    Noted
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    • auahau
      yes
      2022-01-03
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  • soapymouse
    ·2022-01-03
    This is crazy, people are paying P/S multiples way above 60 at such inflated prices 😳 
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    • vbjvvbb
      Km
      2022-01-07
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    • NP_YT
      ya,
      2022-01-03
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