---
title: "China's SenseTime to raise $415 million in share placing to fund AI expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283079316.md"
datetime: "2026-04-17T02:21:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283079316.md)
  - [en](https://longbridge.com/en/news/283079316.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283079316.md)
---

# China's SenseTime to raise $415 million in share placing to fund AI expansion

SINGAPORE, April 17 (Reuters) - Chinese artificial intelligence software company SenseTime (0020.HK) said on Friday it would raise about HK$3.25 billion ($415.2 million) by placing 1.7 billion new class B shares at HK$1.91 each, to fund AI infrastructure expansion, generative AI research and working capital.

-   The placing price represents discounts of about 8.6% to SenseTime’s Thursday close, 5.5% to its five-day average and 6.8% to its 30-day average, the filing said.
-   SenseTime shares fell as much as 4.8% to HK$1.99 on Friday morning, putting them on track for their biggest one-day drop since March 23.
-   Hong Kong-listed SenseTime said it plans to use 40% of the proceeds for its SenseCore AI infrastructure, 30% for generative AI research and commercialization, 20% for AI applications in vertical industries and 10% for general working capital.
-   SenseTime describes itself as an AI software company focused on AI infrastructure, large models and industry applications, according to its website.
-   HSBC (HSBA.L) is the sole global coordinator and sole placing agent for the deal, the filing showed.

($1 = 7.8275 Hong Kong dollars)

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