SenseTime gets about US$500 million in cornerstone investment

Chinese artificial intelligence start-up SenseTime Group has secured about US$500 million in cornerstone investment ahead of its planned Hong Kong initial public offering, according to people familiar with the matter.Nine investors took part in the fundraising, the people said, asking not to be identified as the process is private. Mixed-Ownership Reform Fund, which has pledged US$200 million, remains the biggest on the list, they said.A representative for the company did not immediately…

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