FAST NEWS: SenseTime’s loss widens despite cost controls
The latest: Artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) said its revenue fell 10.6% to 3.41 billion yuan ($472 million) last year, while its non-GAAP net loss rose 14.2% to 5.41…
Tuya’s losses narrow, but stock still looks pricey
The internet of things services provider’s gross margin hit a record high last quarter and its loss narrowed on strong performance for its platform as a service business Key Takeaways:…
FAST NEWS: SoftBank cuts SenseTime holding for seventh time in past year
The latest: Japan’s Softbank Group (9984.T) disclosed it sold 32.08 million shares of China’s leading artificial intelligence (AI) company SenseTime Group Inc. (0020.HK) at an average price of HK$0.9314 per share on Feb. 28, according…
Voicecomm talks up its prospects on big potential for conversational AI
The provider of software that facilitates human-to-computer communication has filed for a Hong Kong IPO that could value the company at about $500 million Key Takeaways: Shanghai Voicecomm has filed…
Baichuan seeks a place at China’s crowded chatbot table
The AI startup raised $300 million just six months after its founding, as it draws on its ties with Tencent to play catchup to older rivals Key Takeaways: Six-month-old chatbot…
Fourth Paradigm rides AI wave to IPO, but faces choppy waters
After three failed tries, the leading Chinese AI giant’s listing application was finally accepted by the Hong Kong Stock Exchange Key Takeaways: Fourth Paradigm’s IPO application has been accepted by…
Not quite closure: Alibaba exit leaves questions for SenseTime
Investors have been cashing out of the Chinese AI specialist while other AI stocks around the world are surging Key Takeaways: SenseTime’s battered share price enjoyed a brief bounce after…