SenseTime IPO lands Chinese professor $3.4bn fortune

SenseTime Group Inc. is likely to make founder Tang Xiao'ou one of the world's wealthiest individuals, just weeks after the US placed a unit of the company on a blacklist for suspected human rights breaches. China's largest artificial intelligence business raised $5.55 billion in its initial public offering, which was priced at HK$3.85 (49 cents) per share.

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