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SenseTime says it has no comment regarding reports of it completing pre-IPO financing
SenseTime had reportedly completed its Pre-IPO round of fundraising at the end of last year, Chinese media reported. After this round of fundraising and investment, it is valued at approximately US$12 billion. SenseTime responded by saying that it has no comment.
Cambricon estimated net loss of RMB350 million-520 million yuan for 2020
Cambricon, Chinese AI chip company, announced that the company expects that the net loss attributable to the shareholders of the parent company will be 350 million to 520 million yuan.
Compared with the same period last year (statutory disclosure data), the amount of loss narrowed was 659 million yuan to 829 million yuan, which was 55.89% to 70.31% smaller than the same period last year. ....

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