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SenseTime plunges after short seller alleges the Chinese AI firm inflated revenue

by Editor November 28, 2023, 11:04 am 1.3k Views

SenseTime plunges after short seller alleges the Chinese AI firm inflated revenue

SenseTime, a Chinese artificial intelligence company, has filed to go public in Hong Kong. The move comes as China continues to tighten regulation on the country’s technology giants.

Pavlo Gonchar | SOPA Images | LightRocket | Getty Images

Shares of SenseTime fell as much as 9.7% on Tuesday after U.S. short seller Grizzly Research alleged the Chinese artificial intelligence firm inflated its revenue.

SenseTime shares pared some of those losses…

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