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SenseTime Group Inc. (0020.HK) Stock: Gains Over 3% on Generative AI Revenue Surge
In a recent development, the stock of SenseTime Group Inc. (0020.HK) has surged over 3%, fueled by an unexpected boost in revenue driven primarily by its generative AI business. As China doubles down on its “AI Plus” initiative, which aims to integrate artificial intelligence across multiple sectors, SenseTime is well-positioned to capitalize on this trend.
According to the latest financial reports, SenseTime has recorded a 35% year-on-year surge in revenue, reaching an impressive US$330 million in H1 2025. This growth is primarily driven by its generative AI division, which witnessed a staggering 72.7% increase in sales to reach 1.8 billion yuan (US$252 million). The sudden shift towards this sector underscores the company’s strategic repositioning in the global AI market.
It appears that SenseTime has effectively transitioned away from traditional computer vision and surveillance technologies, which previously accounted for a significant portion of its revenue stream. Instead, the company is now focusing on generative AI applications, aligning itself with China’s ambitious plan to become a leader in the field.
Source: coincentral.com
