Caixin
Dec 20, 2021 04:01 PM
TECH

SenseTime Reopens IPO, Gets $512 Million From Cornerstones

Cameras for SenseTime Group Ltd.'s autonomous driving system are mounted inside a Lincoln Motor Co. MKZ sedan during a test-drive in Hangzhou on Sept. 6, 2018. Photo: Bloomberg
Cameras for SenseTime Group Ltd.'s autonomous driving system are mounted inside a Lincoln Motor Co. MKZ sedan during a test-drive in Hangzhou on Sept. 6, 2018. Photo: Bloomberg

(Bloomberg) — Chinese artificial intelligence firm SenseTime Group Inc. secured about $512 million from nine cornerstone investors, as it reopened orders Monday for a Hong Kong initial public offering delayed by concerns over U.S. sanctions.

State-backed Mixed-Ownership Reform Fund and Shanghai Xuhui Capital Investment Co. are among those that have committed to buying the shares, according to the latest terms of the IPO.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code