Slaughter and May, Hong Kong, advised The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) as placing agent on a placing of 1,700,000,000 Class B ordinary shares of SenseTime Group Inc. (“SenseTime”). The placing (the “Placing”) completed on 24 April 2026, raising HK$3.23 billion (approximately US$412 million) for SenseTime and representing approximately 4.0% of SenseTime’s total issued shares after the Placing. SenseTime intends to use the net proceeds from the Placing to expand the scale of SenseCore (SenseTime’s AI infrastructure), support its research and development of Generative AI, explore the innovative integration and application of AI technology in vertical scenarios, and for general working capital purposes.
SenseTime is a leading AI software company providing AI technologies across industry verticals, including Generative AI, Traditional AI and Smart Auto. SenseTime has been listed on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX: 0020 (HKD Counter) and 80020 (RMB Counter)) since December 30, 2021.
HSBC is a licensed corporation under the Securities and Futures Ordinance and is licensed to carry out Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts), Type 6 (advising on corporate finance) and Type 9 (asset management) regulated activities.
Coleman Kam / Trainee