HK Stock Market Move | SENSETIME-W(00020) rose more than 4% in early trading. The AI retail company, Souche Shanhu, incubated by the company, completed its series A financing.

SENSETIME-W (00020) surged more than 4% in the morning session, with an increase of 4.26% to HK$1.47 as of the time of writing, with a trading volume of HK$150 million. On the news front, on January 20th, titanium media AGI learned that "Shangtang Shanhui", a AI technology solution company incubated by SENSETIME-W focusing on the retail industry, announced the completion of Series A financing totaling tens of millions of yuan. This round of financing was led by Jinsha River Investment, with follow-on investments from well-known asset management platforms and industry capitals such as Weim Capital, Jia Shi Fund, and Jin Hong Fund. This financing will focus on retail AI algorithm research and development innovation, overseas market expansion strategies, and help the company enter a new stage of globalization layout. Shangtang introduced that Shangtang Shanhui, born out of Shangtang Group, focuses on commodity recognition algorithms and intelligent operation efficiency algorithms in the retail field. Currently, the company has launched a new generation of unmanned retail intelligent cabinet solutions leading the industry, reshaping the intelligent experience of instant retail scenes. So far, Shangtang Shanhui solutions have won multiple benchmark customers at home and abroad, serving domestic top unmanned retail operators, and providing core AI algorithms to several industry-leading intelligent cabinet solution providers and large beverage brands.