SenseTime: Should the Chinese Artificial Intelligence Software Provider Pivot toward Generative AI?

Case Code: BSTR688 Case Length: 11 Pages Period: 2024 Pub Date: 2025 Teaching Note: Available

Price: Rs.400 Organization : SenseTime Group Inc. Industry : Technology & Communications Countries : China Themes: Diversification Strategy, Globalisation Growth Strategy,Artificial Intelligence

Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

In March 2024, Chinese Artificial Intelligence (AI) giant SenseTime Group Inc. (SenseTime) reported that for the financial year (FY) ended 2023, the company’s net loss had increased by 6.6% to RMB6.44 billion from FY 2022. This was SenseTime’s third consecutive year of losses since it listed in Hong Kong in 2021. The company attributed its losses to the declining revenues in the traditional AI segment. Revenues in the segment had fallen by 41% in 2023 to RMB 1.8 billion..

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