SenseTime Group Restructuring Completed

MT Newswires Live

2024/12/04

SenseTime Group (HKG:0020) completed a strategic reorganization to align with opportunities in the AI 2.0 era, introducing a "1+X" structure, with its core focus ("1") on building an industry-leading AI cloud and generative AI capabilities, according to a Wednesday filing with the Hong Kong bourse.

The "X" signifies its ecosystem businesses, including SenseAuto, SenseRobot, and smart healthcare, each led by independent CEOs for greater agility. The restructuring intends to enhance profitability, foster innovation, and establish a sustainable foundation for growth.

Price (HKD): $1.51, Change: $+0.010, Percent Change: +0.67%

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