SIG-invested SenseTime Listed on HKEX
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On December 30, SIG-invested SenseTime Group Inc. (SenseTime 0020.HK) was listed on the Hong Kong Stock Exchange (HKEX) as the first Chinese leading AI enterprise listed publicly. SenseTime priced its shares at 3.85 Hong Kong dollars apiece and raised approximately 5.55 billion Hong Kong dollars. The stock closed at 4.13 Hong Kong dollars in its trading debut, up 7.3 percent from its IPO price. Liu Xinyi, President of SIG, attended the listing ceremony in Shanghai.
Founded in 2014, SenseTime is Asia's largest AI software company focused on original technology research and innovation. Through self-developed deep learning platforms, the company is committed to industrializing AI technologies in the computer vision field, and empowering various industries and scenarios. By June 30, 2021, the company's software platforms had been used by more than 2,400 customers, including more than 250 Fortune 500 companies and other listed companies, 119 cities and more than 30 automakers.
SIG, including SIG's headquarters, Shanghai State-Owned Assets Management Co., Ltd., Sailing Capital and Growth FoF, participated in several rounds of financing of SenseTime, with a total investment of approximately 280 million U.S. dollars. As a move of SIG to implement the policy of the Shanghai Municipal People's Government for accelerating the development of the AI industry, investing in SenseTime will help build Shanghai into a national AI development highland and a sci-tech innovation center.
