SenseTime

The Biden administration widened. SenseTime Group Incs stock posted its biggest intraday loss since its debut after a six-month lockup requirement ended with the share price falling below its initial-public-offering price.


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Shares took a battering Thursday dropping as much as 51 and falling below the companys December listing price.

. Yet the selling pressure could persist with another block of shares owned by SenseTimes shareholders to. SenseTime still plans to sell 15 billion shares at a price range of HK385 to HK399 seeking to raise as much as 767 million. The impending US action was first reported by the Financial Times on Thursday.

SenseTime rallied in its Hong Kong debut Thursday as it tried to move past a politically-fraught month that forced the Chinese artificial intelligence startup to. SenseTime provides technology-based applications including facial recognition video analysing and autonomous driving. SenseTime Chinas most valuable private AI firm was one of the highest-profile targets of sanctions from Washington aimed at containing Chinas tech rise.

SenseTime is still referred to by the Financial Times as the most valuable artificial intelligence company in China but with many investors blocked from involvement with. The company slumped to trade at as low as. The company develops technologies including facial recognition image recognition object detection optical character recognition medical ima.

Upholding a vision of advancing the interconnection of physical and digital worlds with AI driving sustainable productivity growth and seamless interactive experiences SenseTime is committed to advancing AI research. Shares took a battering Thursday dropping as much as 51 and falling below the companys December listing price. Shares fell by nearly half erasing nearly 12 billion in market value as some investors in the Chinese artificial-intelligence company rushed for the door after a.

SenseTimes revenue increased 14 last year to 34 billion yuan 534 million though it still posted an operating loss of 18 billion yuan. The company slumped to trade at as low as HK291 apiece the lowest ever and below its initial public offering price of HK385. 9 hours agoSenseTime Group Inc.

SenseTime was added to the entity list in October 2019 which bans US entities from exporting goods to those companies but SenseTime has since said the designation has little to no effect on its. Deep learning models are vulnerable against noises eg adversarial attacks which poses strong challenges on the deep learning-based applications in the real-world scenario. Bloomberg -- SenseTime Group Inc.

SenseTime said in a statement that its management team had confidence in its long-term value and prospects while a few of the companys founding figures decided to extend the lock-up period of their holdings until the end of the year. 商汤科技 is a Hong Kong-headquartered artificial intelligence company with offices in China Indonesia Japan South Korea Macau Malaysia the Philippines Saudi Arabia Singapore Taiwan Thailand and the United Arab Emirates. Like Huawei Technologies Co.

A lock-up on a portion of the companys stock owned by the. And Semiconductor Manufacturing International Corp the company was regarded as a national champions a leader in a burgeoning field considered key to. Most Read from Bloomberg.

The expiry of a lockup on shares amid low trading. Citizens and entities are prohibited from investing. The expiry of a lockup on shares amid low trading liquidity.

The final offer price will be set on Thursday. The companys shares fell as low as HK290 US037 in the morning trading session on Thursday their lowest-ever level and well below the listing. The United States strikes a blow to Chinas AI ambitions.

Slumped as much as 51 in Hong Kong trading on Thursday after a lock-up of its shares expired following its initial public offering. In a statement Saturday SenseTime said that we strongly. Slumped as much as 51 in Hong Kong trading on Thursday after a lock-up of its shares expired following its initial public offering.

16 hours agoSenseTime Group slumped as much as 51 per cent in Hong Kong trading on Thursday Jun 30 after a lock-up of its shares expired following its initial public offering. The sanction adds the facial recognition company SenseTime to a list of 59 Chinese companies in which US. 15 hours agoHONG KONG BLOOMBERG - Chinese artificial intelligence software maker SenseTime Group slumped as much as 51 per cent in Hong Kong on Thursday June 30 after a lockup of its shares expired.

17 hours agoSenseTime Group Inc. SenseTime is a leading AI software company founded in Hong Kong in 2014 focused on creating a better AI-empowered future through innovation. 1 hour agoShares in SenseTime plunged to half their previous price after a lock-in period for pre-IPO investors ended allowing them to take their profits from stakes in the facial recognition giant.

SenseTime Group Inc.


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