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SenseTime Eyes Blockchain, Stablecoins After $320M Raise
AI giant SenseTime has announced a major capital raise of approximately HK$2.5 billion ($320 million). Through a placement of 1.667 billion new Class B shares. Infini Capital, a long-term investor, agreed to back the subscription after trading hours on Wednesday. The company confirmed that 20% of the net proceeds, around HK$500 million. They will allocate […]
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