Shares of Chinese AI giant SenseTime plunge to an all-time low after founder's death
Publishing timestamp: 2023-12-17 23:50:42
Summary
SenseTime's shares plunged by 18.25% to an all-time low following the death of its founder, Tang Xiao'ou. Tang founded SenseTime in 2014 and the company went public on the Hong Kong Stock Exchange in 2021. The shares dropped to 1.03 Hong Kong dollars ($0.13), the lowest level in the company's history. SenseTime develops AI software platforms and technologies, but it has faced challenges, including being placed on the U.S. trade blacklist in 2019 due to alleged human rights violations in China's Xinjiang region. Tang was hailed as an "outstanding representative in the field of AI in China" by the company.
Sentiment: NEGATIVE
Tickers: 20-HK,
Keywords: asia economy, sensetime group inc, technology, breaking news: technology, business news,
Source: https://www.cnbc.com/2023/12/18/sensetime-shares-plunge-to-an-all-time-low-after-founders-death.html