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Growth stymied on all sides of biometric surveillance firm SenseTime
Oct. 25, 2023, 6:43 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
SenseTime, China's public biometric software and compute services company, has a market capitalization of $5.9 billion. That's almost a dollar for everybody alive right now, and good reason to celebrate.
Except that SenseTime's market cap was $16.5 billion at its IPO in December 2021, according to analysis in the Financial Times.
The business that made the company a unicorn – sales of biometric surveillance systems – is suffering. Even in China, there is a limit to surveillance budgets and …
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