SenseTime plans to raise approximately HK$2.5 billion through a share placement to develop RWA, digital asset, and stablecoin businesses and obtain relevant licenses

Odaily Planet Daily News: According to an announcement from the Hong Kong Stock Exchange, SenseTime Group has announced the placement of 1.667 billion new Class B shares at a placement price of HKD 1.5 per share, raising approximately HKD 2.5 billion. The company plans to use part of the net proceeds from the placement to explore the integration and application of artificial intelligence in innovative vertical sectors, including but not limited to independently or jointly with strategic partners developing embodied intelligent robots, blockchain, real-world assets (RWA), digital assets, stablecoins, and obtaining relevant qualifications, as well as for general working capital purposes.