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SenseTime shares plunge to an all-time low after founder's death
source link: https://www.cnbc.com/2023/12/18/sensetime-shares-plunge-to-an-all-time-low-after-founders-death.html
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Tech
Shares of Chinese AI giant SenseTime plunge to an all-time low after founder’s death
Published Sun, Dec 17 202311:39 PM ESTUpdated Sun, Dec 17 202311:50 PM EST
Key Points
- Shares of SenseTime plunged as much as 18.25% to an all-time low on Monday morning.
- This comes as SenseTime founder Tang Xiao’ou died on Friday at the age of 55 after succumbing to an illness, the company said in a statement on Saturday.
- Tang founded SenseTime in 2014 which later went public on the Hong Kong Stock Exchange in 2021.
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