Sensetime Technology (00020) expects to raise HK$3.15 billion in the upcoming placement, in order to further expand the scale of its large devices and increase the proportion of localization.

On the morning of December 18th, SenseTime Technology (00020) announced on the Hong Kong Stock Exchange that they will be issuing new B-class shares through a general authorization. On December 18, 2025 (before the trading hours on the Hong Kong Stock Exchange), the company will issue 1.75 billion subscription shares. The total amount of the issuance is estimated to be around HK$3.15 billion. This issuance has received positive subscriptions from at least six institutions, reflecting the market's strong confidence in the long-term value and development prospects of SenseTime Technology. According to SenseTime's announcement, the funds raised from this issuance will be used to further strengthen SenseTime's leading position in the full-stack artificial intelligence field, including: building an industry-leading AI cloud, expanding the scale of SenseTime's AI infrastructure and increasing its domestic production ratio; supporting the research and development of generative artificial intelligence and the development and commercialization of products derived from multi-modal large models; exploring the integration of AI technology in innovative vertical fields, including but not limited to the application of AI in industries such as finance and education. Recently, SenseTime has achieved breakthroughs in the co-construction of its product ecosystem. Since the start of the "SenseTime Product Release Week" on December 15th, they have released multiple product applications based on SenseTime's multi-modal large models, including the industry's first integrated creation, multi-episode generation intelligent body Seko 2.0, which is supported by the SenseTime Seko series models that have been adapted to the domestic AI chip Cambricon. Additionally, they have launched the AI office intelligent body Little Raccoon 3.0 for office scenarios, the Shadow Marketing intelligent body for e-commerce operations, and a series of groundbreaking and practical AI products such as the upcoming Siasun Robot&Automation and the Carpi family, all showcasing SenseTime's continuous leadership in the integration of AI technology with practical scenarios.