China's SenseTime slips as SoftBank trims stake in AI software developer

SenseTime

11/04/2024 04:41

** Shares of Chinese artificial intelligence (AI) software
developer SenseTime Group Inc  0020.HK  slip 2.9% to HK$0.66, on
track for biggest one-day pct drop since April 3 if current
losses hold
    ** SoftBank Group Corp  9984.T  sold 70.89 mln SenseTime
shares at an average price of HK$0.7161 apiece on April 3,
reducing its stake to 4.8% from 5.08% - HKEx disclosures
    ** SoftBank ceased to have a notifiable interest in
SenseTime as its interest has dropped below 5% - HKEx
disclosures 
    ** The Hang Seng Composite Index on information technology
firms  .HSCIIT  slips 0.8%, the Hang Seng Tech Index  .HSTECH 
falls 1.5% and the Hang Seng Index  .HSI  down 0.9%
    ** SenseTime shares down 43% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))