Tech Brief (Aug. 29): SenseTime Reports Strong AI Growth
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SenseTime H1 revenue grows 35.6%
On Aug. 28, SenseTime reported its interim results, with first-half revenue reaching 2.4 billion yuan, a 35.6% year-over-year increase. Its net loss narrowed by 39.9% to 1.5 billion yuan. Revenue from the generative AI business grew 72.7% to 1.8 billion yuan, while visual AI revenue declined 14.8% to 436 million yuan.
GLP secures $1.5 billion investment from Abu Dhabi
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- SenseTime H1 revenue rose 35.6% to 2.4 billion yuan; generative AI revenue up 72.7% while net loss narrowed 39.9%.
- GLP secured a $1.5 billion investment from Abu Dhabi, to expand in logistics, digital infrastructure, and new energy.
- Trip.com Q2 revenue grew 16.2% to 14.8 billion yuan; Insta360 H1 revenue jumped 51.2% to 3.7 billion yuan, with 72.4% from overseas.
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Who’s Who
- SenseTime
- SenseTime reported a 35.6% increase in first-half revenue, reaching 2.4 billion yuan. Their net loss narrowed by 39.9% to 1.5 billion yuan. Revenue from their generative AI business surged by 72.7% to 1.8 billion yuan, while visual AI revenue experienced a decline.
- GLP
- GLP (普洛斯) secured a $1.5 billion investment from a subsidiary of the Abu Dhabi Investment Authority on August 28. This funding will be used to expand its investments in new economy sectors, including logistics supply chains, digital infrastructure, and new energy.
- Trip.com Group
- Trip.com Group reported a 16.2% year-over-year revenue increase to 14.8 billion yuan in Q2. Net profit attributable to shareholders rose 26.4% to 4.8 billion yuan, driven by strong growth in travel demand across its business segments.
- Insta360
- Insta360 (影石创新) reported strong financial results for the first half of the year. Its revenue increased by 51.2% year-over-year to 3.7 billion yuan. A significant portion of its primary business revenue, 72.4%, came from overseas sales. The company's net profit for the same period was 520 million yuan, marking a 0.3% increase.
- Dreame
- On August 28, Dreame, a robot vacuum company founded in 2017, announced its entry into automobile manufacturing. The company plans to launch its first ultraluxury all-electric vehicle in 2027. Dreame's primary products include robot vacuums, wireless vacuums, floor scrubbers, and hair dryers, and it has also expanded into drones.
- XPeng Inc.
- XPeng Inc., a Chinese electric-vehicle maker, is integrating its self-developed Turing chips as a standard feature across all new models of its upgraded P7 sedan. This strategic move supports the company's advanced assisted driving model, which demands significant computing power. XPeng's chairman anticipates this model will revolutionize the industry by 2026, leading to the launch of a robotaxi service.
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What Happened When
- 2017：
- Dreame was founded.
- Aug. 28, 2025：
- SenseTime reported its interim results: H1 revenue reached 2.4 billion yuan (up 35.6% year-over-year), net loss narrowed by 39.9% to 1.5 billion yuan, generative AI business revenue grew 72.7% to 1.8 billion yuan, and visual AI revenue declined 14.8% to 436 million yuan.
- Aug. 28, 2025：
- GLP announced it has secured a $1.5 billion investment from a subsidiary of the Abu Dhabi Investment Authority.
- Aug. 28, 2025：
- Trip.com Group reported its Q2 results: revenue up 16.2% year-over-year to 14.8 billion yuan, net profit attributable to shareholders up 26.4% to 4.8 billion yuan.
- Aug. 28, 2025：
- Insta360 released its interim report: H1 revenue was 3.7 billion yuan (up 51.2% year-over-year), overseas sales made up 72.4% of primary business revenue, net profit for the period was 520 million yuan (up 0.3%).
- Aug. 28, 2025：
- Dreame officially announced its entry into automobile manufacturing and plans to launch its first ultraluxury all-electric vehicle in 2027.
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