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SenseTime Group Limited: Business Model and Expansion

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SenseTime Group Limited was founded in Hong Kong in 2014 to commercialize artificial intelligence for digital recognition of images, particularly human faces. After only three years in business, the company was profitable, with annual sales revenue of about US$100 million. In 2018, it employed over 2,000 workers and was referred to as the world's most valuable artificial intelligence start-up, with a valuation of US$7.6 billion. China had become the largest market in the world for facial recognition technologies, with its share of global sales expected to grow from 29 per cent in 2017 to 45 per cent in 2023. And the global facial recognition market was forecast to be worth US$6.5 billion by 2021. SenseTime Group Limited aimed to empower more industries throughout the world with its artificial intelligence platform. A key question in early 2019 for the company's co-founder and chief executive officer was how to adapt its strategy to achieve that mission in an increasingly fraught global environment. Howard Pong Yuen Lam is affiliated with Chinese University of Hong Kong. Hugh Thomas is affiliated with Chinese University of Hong Kong.

【書誌情報】

ページ数:20ページ

サイズ:A4

商品番号:HBSP-W20504

発行日:2020/6/16

登録日:2021/2/19

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