Major Shareholders Reduce Holdings in Chinese AI Firm SenseTime

Major Shareholders Reduce Holdings in Chinese AI Firm SenseTime
The logo of SenseTime is seen at the company’s office, in Shanghai on Dec. 13, 2021. Aly Song/Reuters
Kathleen Li
Ellen Wan
Updated:
0:00

Chinese artificial intelligence company SenseTime is experiencing a continuous reduction in shareholding by its major shareholders.

The company—hit by U.S. sanctions over Uyghur concerns—has accumulated losses of 43.83 billion yuan (about $6.14 billion) in the past five years.

Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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