Alibaba, Qualcomm, SoftBank, Suning and Dalian Wanda are among the investors that could exit the AI-equipped machine vision technology developer, most recently valued at $12bn.

SenseTime, a China-based artificial intelligence (AI) technology developer backed by corporates Alibaba, Qualcomm, SoftBank, Suning and Dalian Wanda, has filed for an initial public offering on the Hong Kong Stock Exchange.

Founded in 2014, SenseTime has built an AI software tool for use in facial, object and vehicle recognition as well as medical analysis and autonomous driving, and it is applied in areas including healthcare, finance, entertainment, retail and national security.

The company booked RMB1.65bn ($254m) in revenue in…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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