TOPIC

/ company

SenseTime

Hong Kong-listed SenseTime is one of China's top artificial intelligence companies specialising in facial and image-recognition technology.

Chairman / President

Xu Li

CEO / Managing Director

Xu Li

CFO / Finance Director

Wang Zheng

Industry

Artificial Intelligence technology

Website

sensetime.com

Headquarters address

8th Floor, Building 3, No. 1 Wangjing East Road, Chaoyang District, Beijing, China

Stock Code

SEHK:0020

Year founded

2014

A woman reaches out to touch the hand of a humanoid robot at the World Artificial Intelligence Conference in Shanghai on Monday. Photo: AFP

Robotics

China’s humanoid robots put on a show as Tesla’s Optimus kept behind glass

The humanoid robot market segment is seeing demand from enterprises gather speed, as some manufacturers start mass production this year.

30 Jul 2025 - 12:22AMvideocam

Artificial intelligence

WAIC Shanghai: China reveals new great leap forward with 1,509 AI models

28 Jul 2025 - 9:19PMvideocam

Artificial intelligence

WAIC Shanghai: Tencent, SenseTime unveil latest AI models to stir up rivalry

27 Jul 2025 - 6:33PMvideocam

Artificial intelligence

Shanghai expo sets stage for US-China face-off in heated AI race

Business leaders who will speak at the main forum include former Google CEO Eric Schmidt, MiniMax founder Yan Junjie and SenseTime CEO Xu Li.

25 Jul 2025 - 6:00PM

An AI sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, July 6, 2023. Photo: Reuters

Banking & finance

SenseTime, Mengniu join wave of Chinese firms tapping capital markets

The AI firm raises US$318 million through a share subscription, while the dairy giant issues US$489 million in bonds.

24 Jul 2025 - 5:03PM

Artificial intelligence

Hong Kong’s financial centre status gives it an edge in AI market, experts say

SenseTime chief financial officer Wang Zheng says ‘having easy access to capital is extremely important’ for AI companies.

10 Jul 2025 - 11:28AM

Alibaba

Alibaba unveils new AI model for more precise image creation

Qwen VLo adds to the intense competition in China’s AI landscape, where Alibaba has pursued an open-source approach to gain users.

28 Jun 2025 - 5:00PMvideocam

Alibaba’s headquarters on the outskirts of Hangzhou, Zhejiang province in eastern China. Photo: Reuters

Cryptocurrency

Hong Kong family office VMS Group makes first foray into cryptocurrency

With about US$4 billion in assets under management, VMS plans to allocate up to US$10 million to strategies run by hedge fund Re7 Capital.

24 Jun 2025 - 2:47PM

US-China tech war

How Huawei’s silicon strategy defies US sanctions, advances China’s AI ambitions

Huawei is expected to ship about 700,000 Ascend AI processors in 2025, according to Mizuho estimates.

23 Jun 2025 - 11:57AM

Artificial intelligence

China’s AI race heats up as SenseTime, ByteDance unveil model updates

The two companies are the latest to join DeepSeek, Baidu and Alibaba in enhancing their AI services amid intense market competition.

13 Jun 2025 - 7:04PM

An ad in Hong Kong for BytePlus, a ByteDance cloud computing platform featuring AI services. Photo: Eugene Lee

Artificial intelligence

The SMC: what to see at the Shanghai AI incubator visited by Xi Jinping

The Chinese president toured the Shanghai Foundation Model Innovation Centre on Tuesday to highlight the country’s vast potential in AI.

1 May 2025 - 10:00AM

An AI sign at the Shanghai Foundation Model Innovation Centre. Photo: Wency Chen

US-China tech war

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

30 Apr 2025 - 6:00PM

Artificial intelligence

SenseTime to expand computing power amid surging AI model demand

Co-founder Yang Fan expects capacity to grow by up to triple digits annually over the next two years amid surging generative AI demand.

12 Apr 2025 - 10:00AM

Artificial intelligence

China’s SenseTime bets on new AI training method to stand out

Its latest SenseNova V6 and V6 Reasoner models have outperformed competing products from OpenAI, CEO Xu Li says.

11 Apr 2025 - 6:00PM

SenseTime CEO Xu Li speaks at the launch event of the SenseNova V6 models in Shanghai on Thursday. Photo: Handout

AI: Companies

SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts

The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss.

27 Mar 2025 - 4:47PM

Artificial intelligence

Video | Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime says rapid advancements in large language models are transforming AI in the medical field

27 Jan 2025 - 6:26PM

Artificial intelligence

Chinese AI start-up MiniMax intensifies competition with new open-source models

The release, which includes foundational and multimodal models, comes weeks after rival DeepSeek set a new standard with its own open-source models.

16 Jan 2025 - 7:00AM

Artificial intelligence

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

3 Jan 2025 - 12:34PM

Artificial intelligence

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

4 Dec 2024 - 3:30PM

Fintech

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

29 Oct 2024 - 10:06AM

Artificial intelligence

SenseTime CEO says infrastructure key to beating Chinese AI rival

SenseTime CEO Xu Li says the company’s infrastructure and AI model services will help it stay competitive in the years ahead.

17 Oct 2024 - 9:00PM

Artificial intelligence

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

11 Jan 2025 - 11:23AM

Signage at Hong Kong FinTech Week 2021 at the Convention and Exhibition Centre in Wan Chai. As hype around cryptocurrencies and blockchain fades, the show’s organisers see AI tech from the mainland taking centre stage. Photo: Shutterstock

Artificial intelligence

Sensetime’s generative AI growth pushes revenue up 21% in first half

Revenue for the Chinese AI giant reached US$244.3 million for the first six months of 2024, but traditional AI revenue has more than halved.

28 Aug 2024 - 3:00PM

Artificial intelligence

ByteDance, Alibaba, SenseTime top China’s generative AI infrastructure services market

High demand for these infrastructure services providers reflects how mainland China has swiftly become a world leader in the adoption of generative artificial intelligence.

10 Jul 2024 - 6:00PM

Artificial intelligence

China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

The major developers of large language models are claiming significant performance improvements and greater adoption at China’s biggest annual AI conference.

6 Jul 2024 - 7:23AMvideocam

SenseTime founder and CEO Xu Li introduces the company’s SenseNova 5.0 large model at an event on April 24, 2024. Photo: SenseTime

Artificial intelligence

Ex-IBM scientist helms Shanghai AI Lab after death of SenseTime’s Tang

Zhou Bowen, former chief scientist of IBM’s Watson Group, has been appointed director at one of China’s top AI research institutions.

5 Jul 2024 - 7:00PM

Zhou Bowen, newly appointed director of the Shanghai AI Lab, speaks at the World AI Conference in Shanghai on Thursday. Photo: Handout

Video gaming

Tencent’s Roco Kingdom: World among 104 new video games approved in June

This month marked a rebound for China’s video gaming industry, after fewer than 100 titles each were approved in April and May.

26 Jun 2024 - 8:00AM

Hong Kong stock market

China’s Sensetime unveils US$260 million share issuance plan

AI company Sensetime saw its shares slide by as much as 6.8 per cent before rebounding to a gain of 3 per cent on the day after it unveiled a US$260 million fundraising plan via a share placement to help finance growth.

21 Jun 2024 - 5:33PM

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SenseTime﻿

China’s humanoid robots put on a show as Tesla’s Optimus kept behind glass

The humanoid robot market segment is seeing demand from enterprises gather speed, as some manufacturers start mass production this year.

WAIC Shanghai: China reveals new great leap forward with 1,509 AI models

WAIC Shanghai: Tencent, SenseTime unveil latest AI models to stir up rivalry

Shanghai expo sets stage for US-China face-off in heated AI race

Business leaders who will speak at the main forum include former Google CEO Eric Schmidt, MiniMax founder Yan Junjie and SenseTime CEO Xu Li.

SenseTime, Mengniu join wave of Chinese firms tapping capital markets

The AI firm raises US$318 million through a share subscription, while the dairy giant issues US$489 million in bonds.

Hong Kong’s financial centre status gives it an edge in AI market, experts say

SenseTime chief financial officer Wang Zheng says ‘having easy access to capital is extremely important’ for AI companies.

Alibaba unveils new AI model for more precise image creation

Qwen VLo adds to the intense competition in China’s AI landscape, where Alibaba has pursued an open-source approach to gain users.

Hong Kong family office VMS Group makes first foray into cryptocurrency

With about US$4 billion in assets under management, VMS plans to allocate up to US$10 million to strategies run by hedge fund Re7 Capital.

How Huawei’s silicon strategy defies US sanctions, advances China’s AI ambitions

Huawei is expected to ship about 700,000 Ascend AI processors in 2025, according to Mizuho estimates.

China’s AI race heats up as SenseTime, ByteDance unveil model updates

The two companies are the latest to join DeepSeek, Baidu and Alibaba in enhancing their AI services amid intense market competition.

The SMC: what to see at the Shanghai AI incubator visited by Xi Jinping

The Chinese president toured the Shanghai Foundation Model Innovation Centre on Tuesday to highlight the country’s vast potential in AI.

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

SenseTime to expand computing power amid surging AI model demand

Co-founder Yang Fan expects capacity to grow by up to triple digits annually over the next two years amid surging generative AI demand.

China’s SenseTime bets on new AI training method to stand out

Its latest SenseNova V6 and V6 Reasoner models have outperformed competing products from OpenAI, CEO Xu Li says.

SenseTime’s 2024 loss narrows even as it misses analysts’ forecasts

The company reported net loss of 4.3 billion yuan (US$592 million) in 2024, compared with estimate of 4 billion yuan loss.

Video | Hong Kong-listed SenseTime to spin off healthcare platform

SenseTime says rapid advancements in large language models are transforming AI in the medical field

Chinese AI start-up MiniMax intensifies competition with new open-source models

The release, which includes foundational and multimodal models, comes weeks after rival DeepSeek set a new standard with its own open-source models.

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

SenseTime CEO says infrastructure key to beating Chinese AI rival

SenseTime CEO Xu Li says the company’s infrastructure and AI model services will help it stay competitive in the years ahead.

FinTech Week highlights AI, Chinese companies as Web3 hype fades

Two years after showcasing Hong Kong’s crypto pivot, FinTech Week organisers say the event can serve as an incubation platform for frontier technologies.

Sensetime’s generative AI growth pushes revenue up 21% in first half

Revenue for the Chinese AI giant reached US$244.3 million for the first six months of 2024, but traditional AI revenue has more than halved.

ByteDance, Alibaba, SenseTime top China’s generative AI infrastructure services market

High demand for these infrastructure services providers reflects how mainland China has swiftly become a world leader in the adoption of generative artificial intelligence.

China’s AI competition deepens as SenseTime, Alibaba claim progress at AI show

The major developers of large language models are claiming significant performance improvements and greater adoption at China’s biggest annual AI conference.

Ex-IBM scientist helms Shanghai AI Lab after death of SenseTime’s Tang

Zhou Bowen, former chief scientist of IBM’s Watson Group, has been appointed director at one of China’s top AI research institutions.

Tencent’s Roco Kingdom: World among 104 new video games approved in June

This month marked a rebound for China’s video gaming industry, after fewer than 100 titles each were approved in April and May.

China’s Sensetime unveils US$260 million share issuance plan

AI company Sensetime saw its shares slide by as much as 6.8 per cent before rebounding to a gain of 3 per cent on the day after it unveiled a US$260 million fundraising plan via a share placement to help finance growth.

SenseTime