CEO of leading AI startup SenseTime says valuation passed US$7.5b


SenseTime Group Ltd founder Prof. Tang Xiaoou (left) accompanied by Prime Minister Tun Dr Mahathir Mohamad during his visit to SenseTime's Beijing office in April.

HONG KONG: SenseTime Group Ltd.’s valuation surpassed US$7.5bil this year after securing investment from backers like SoftBank Group Corp., yet the world’s largest AI startup said it’s in no hurry to go public.

The Chinese startup has been hosting regular roadshows around the world to educate investors on a business that now runs the gamut from facial recognition to robot delivery, Chief Executive Officer Xu Li told Bloomberg’s Sooner Than You Think conference in Singapore.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read