Shares of China’s SenseTime set to rise 8.7% after it unveils new AI products

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HONG KONG, April 11 (Reuters) – Shares of Chinese artificial intelligence (AI) company SenseTime (0020.HK) were set to jump 8.7% on Tuesday, a day after it unveiled a series of new AI-powered (AI) products as it joins a global race to dominate the sector.

China’s Alibaba Group Holdings (9988.HK) and Japan’s Softbank Group Corp (9984.T) are both invested in the Chinese AI company.

Reporting By Donny Kwok; Editing by Anne Marie Roantree and Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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