TechFlow, July 24 — According to an announcement by SenseTime Group Limited, a listed company on the Hong Kong stock exchange, the company has entered into subscription agreements with investors to issue and allot 1.667 billion new Class B shares at HK$1.50 per share, raising approximately HK$2.5 billion.
Notably, SenseTime explicitly stated that 20% of the proceeds will be allocated to exploring technological integration and applications of artificial intelligence in innovative vertical sectors, including but not limited to developing embodied intelligent robots, blockchain, real-world assets (RWA), digital assets, stablecoins, and obtaining relevant licenses, either independently or in collaboration with strategic partners.
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