SenseTime plans to raise approximately HKD 2.5 billion through a share placement to develop businesses related to RWA, digital assets, stablecoins, and to obtain relevant qualifications.

Odaily News According to the announcement from the Hong Kong Stock Exchange, SenseTime Group announced a placement of 1.667 billion new Class B shares, with a placement price of HKD 1.5 per share to raise approximately HKD 2.5 billion in funds. The company plans to use part of the net proceeds from the placement to explore the technological integration and practice of artificial intelligence in innovative verticals, including but not limited to conducting business related to embodied intelligent Bots, Blockchain, Real World Assets (RWA), digital assets, stablecoin, etc., either independently or in collaboration with strategic partners, and obtaining relevant qualifications, as well as for general working capital.