Market Insight | SENSETIME-W surges over 5% and partners with ASL, a subsidiary of AutoSystem, to achieve AI solutions in the Asia-Pacific region

SENSETIME-W rose by over 5%, reaching a 5.33% increase as of the time of publication, trading at HKD 1.58 with a turnover of HKD 6.53 billion. On the news front, SENSETIME-W announced the signing of a memorandum of understanding with Automated Systems Holdings Limited's Automated Systems Hong Kong (ASL) on Tuesday (the 15th), to jointly explore opportunities for artificial intelligence (AI) solutions in the public sector in the Asia-Pacific region. It is reported that the two parties will collaborate to identify, formulate, and implement market strategies to enhance AI services provided to customers in the Asia-Pacific region, leveraging SENSETIME's AI software and professional service team, as well as ASL's integrated technology services, to deliver high-quality AI services and operational experiences to customers. The two parties also plan to collaborate on integrating SENSETIME's product development, enhancing the ability to serve customers during feasibility studies or project implementation phases. Ms. Zoe Chou, Vice President of SENSETIME in the Asia-Pacific region, stated that in the future, the two parties will focus on the Asia-Pacific region, jointly exploring business opportunities beyond Hong Kong. It is expected that this cooperation will further enhance ASL's innovative solutions and service delivery capabilities, expand SENSETIME's "SenseNova" large-scale model system's application in the public sector, meet the needs of more users, and empower the digital transformation of industries