Corporate-backed artificial intelligence technology developer SenseTime has set terms for an offering which could illustrate where China's troubled public markets space currently lies.

SenseTime, a China-based artificial intelligence technology provider that counts corporates Alibaba, Qualcomm, SoftBank, Suning and Dalian Wanda as investors, is seeking up to $767m in its initial public offering, Reuters reported today. The figure comes from a term sheet seen by Reuters that states SenseTime plans to issue 1.5 billion shares on the Hong Kong…

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