Strong showing: The SenseTime head office in Shanghai. The company’s strong debut is a rare feat in Hong Kong, where new listings have been among the worst performers this year. — Reuters
HONG KONG: Chinese artificial intelligence (AI) giant SenseTime Group Inc jumps on its first day of trading in Hong Kong after a rocky initial public offering (IPO) that was delayed by concerns over fresh United States sanctions.
The stock gained as much as 23% in early trading yesterday, headed for the biggest first-day gain for any Hong Kong IPO since mid-July.
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