Sensetime has received approval from the Hong Kong Stock Exchange to list in an IPO that aims to raise more than us $1 billion, IFR reported.
According to the Hong Kong Stock Exchange, Sensetime applied to list on the Hong Kong Stock Exchange as early as August 27, with CICC, Haitong International and HSBC as co-sponsors.
IT Home learned that according to its previous prospectus, Sensetime's revenue in the first half of 2021 was 1.652 billion yuan, up 91.87% from 861 million yuan in the same period last year.
In the first half of 2021, the net loss was 3.713 billion yuan, compared with 5.333 billion yuan in the same period last year. The net loss under non-IFRS was 726 million yuan, compared with 1.100 billion yuan in the same period last year, a year-on-year decrease.
In terms of RESEARCH and development, Sensetime spent 849 million yuan in 2018, 1.92 billion yuan in 2019, 2.45 billion yuan in 2020 and 1.77 billion yuan in the first half of 2021, according to the prospectus.
According to the official website, Sensetime is an artificial intelligence software company, with profound academic accumulation and long-term investment in original technology research, constantly enhancing the industry-leading full-stack AI capabilities, covering key technical areas such as perceptual intelligence, decision intelligence, intelligent content generation and intelligent content enhancement. It also includes key capabilities such as AI chips, AI sensors, and AI computing infrastructure. In addition, SenseCore has also built a new AI infrastructure -- SenseCore AI device, which integrates computing power, algorithms and platforms.
Sensetime's business covers four major sectors: smart business, smart city, smart life and smart car.