Hong Kong IPO at a Glance: SenseTime Group

Technology Author: Tzuhsuan Tang Dec 03, 2021 11:21 AM (GMT+8)

SenseTime received approval to list on the Hong Kong Stock Exchange on November 19, 2021.

abstract tech

SenseTime is Asia's largest AI company (by revenue in 2020). It serves over 2,400 customers, including half of the Fortune 500 list. Here are a few business highlights: 

  • SenseTime markets its universal AI infrastructure across several industries, which allows it to develop cross-functional technological expertise.

  • The company's revenue and gross profit margin have been growing, with the latter being among the lowest in the industry.

  • The computer vision software industry is growing at a nearly 40% CAGR; with multiple patents, SenseTime remains highly competitive.

  • Tech upgrades of China's major cities boost SenseTime's revenue, but the company should keep entering other application fields to keep growing.

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