SenseTime is the PRC's biggest AI company, going public in Hong Kong in 2021 despite its US human rights sanctions for targeting Uyghurs.
Now, a US short seller, Grizzly Research, is accusing SenseTime of inflating its revenue:
********* ********* ****** ** “* ******* AI ******** *******,” *******, ** ******* that ** **** **** ** ****** for ************ ******** *******. *** ******** exposes ********* *** **** ******* ** be * ******* ** ********** ******* through ********** ** ******* *********** *******.
*** ***** ***** ******** ******* *********** and *****-******** ******* ** ***** ********* either ******** ** ******* ************** ******** funds ** ********* **** ** **** are **** ** ******** ***** **** SenseTime **** ***** ***** **** **** delivered.
************ ************* ******* ********'* ****** ** "******* merit *** ******** ********* *********** *** misleading *********** *** ***************".
*********'* ***** **** ****** **% ***** the ******'* ******* ** ******** **, but ******** *** ** *** **** about *%. ****, *********'* ***** ** down **% ***** *** ***, **** a ******* ****** *** ** ~$*.* billion ***:
********* ** ****** ************ *** ** high *&* ******** ** *** ** systems.
******* ******** ****** ********* ***“** *********** moat ** **" *** ** *** popularization ** *** **********, ******** *** various“*****” ********* (***** ****, ***** ****, Smart ******) *** "** ***** ******* technology ********** ******** **** *** ********** to ********* ** ********."
********?
******* **** **** ***~$*** ******* *** ****** *******, ********* substantially ***:
******* ********* ****, **** *** *******, **** *** **** ** *******:
**********, ** ** ******** ** ** how * ******* ***** ******* ** flat ** ******* ****** ** *** its *******. **** **** ********** *** be ********* ** *** *******'* ******* grows ************* (**** **** **** **** the *********), *** * ******* **** Sensetime's ******* **********, ******* **** ******* strategic ** ************* *****, ******.
** *** ***** ****, *'** **** various ********* ** **** **** *** companies, ** * ***** ***** ** quite ******** ***** *** ***** ************* going ****.
** *** ***** ****, *********, ** some *****, ** * *** ** PRC ********** ************ ********, ***** ** on ******* ****** **** ******* ** at ***** *** **** ** *****.