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China Tech Digest: Tencent Releases Vulgar Image Recognition Tech

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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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Kuaishou to raise $5.4b from HK public offering

Kuaishou to raise $5.4b from HK public offering
By FAN FEIFEI |
China Daily |
Updated: 2021-01-27 09:04
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A passenger checks out a Kuaishou poster at a subway station in Beijing on Jan 10. [Provided to China Daily]
Kuaishou Technology said on Tuesday that it plans to raise as much as HK$42 billion ($5.42 billion) via its initial public offering on the Hong Kong bourse, as the short video company is speeding up monetization efforts amid rising competition from its peer Douyin, an app developed by Beijing Byte-Dance Technology.
Kuaishou has priced its IPO on the Hong Kong stock exchange, and will issue 365.2 million shares each priced between HK$105 and HK$115, according to a prospectus released by the company. ....

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