SenseTime plans to raise approximately HK$2.5 billion in share allocation to carry out RWA, stablecoin and other businesses and obtain relevant qualifications

According to Foresight News, according to the announcement of the Hong Kong Stock Exchange, SenseTime Group announced the allotment of 1.667 billion new Class B shares, with a allocation price of RMB 1.5 per share to raise approximately HK$2.5 billion. The company intends to use part of the net proceeds from the allotment to explore the technological integration and practice of artificial intelligence in the innovation vertical field, including but not limited to conducting embodied intelligent robots, blockchains, real-world assets (RWAs), digital assets, stablecoins and other businesses on its own or with strategic partners and obtaining relevant qualifications, as well as using them as general working capital.
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