SenseTime (HKG:0020) will downsize its physical office in Singapore and move to a less central part of the city, Bloomberg News reported Friday, citing people familiar with the matter.
The China-based artificial intelligence company will relocate to a smaller office in a less prime location from its downtown office, a 1,022-square meter location, the report said.
SenseTime's downsizing comes as competitors like ByteDance are expanding outside of China to escape economic uncertainty in their home country, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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