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SenseTime Global IPO: Strategic Reaction to American Attack

Pong Yuen Howard Lam, Hugh Thomas

商品編號:W33293
出版日期:2023/11/14
再版日期:
商品來源:
商品主題:Finance; Marketing
商品類型:Case (Pub Mat)
涵蓋議題:artificial intelligence;smart business;facial recognition;smart city;smart life;autonomous driving
難易度:4 - Undergraduate/MBA
內容長度:12 頁
地域:Hong Kong
產業:Professional; Scientific; and Technical Services
事件年度:2021

Hong Kong-headquartered SenseTime Group Inc. (SenseTime) was founded in 2014 to commercialize artificial intelligence (AI) and was a global leader in deep-learning AI, with applications in Smart Business (facial recognition), Smart City (property damage and theft detection), Smart Life (interacting with the Internet of Things to improve consumer experience), and Smart Auto (autonomous driving). December 10, 2021, was supposed to be the date for setting the offer price for SenseTime shares in the company’s global initial public offering. Instead, it was the date that Xu Li, co-founder and chief executive officer of SenseTime, learned from Hong Kong Clearings and Exchange Ltd. that American President Joe Biden was about to designate SenseTime a Communist Chinese Military Company—an action that prevented American investors from legally investing in SenseTime, derailing the initial public offering. How should SenseTime alter its marketing, research and development, and listing strategies in the light of the American government’s actions? How would the increased tension affect the geographic, technological, and customer aspects of SenseTime’s efforts to drive business growth?

教學手冊:SenseTime Global IPO: Strategic Reaction to American Attack - Teaching Note
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