Prominent SenseTime investors sell shares

Alibaba has sold 557 million of its shares in SenseTime, reducing its ownership stake in the Chinese facial recognition “dragon” from 5.29 percent to 3.15 percent, according to Hong Kong publication The Standard. It is not the only major shareholder cutting its stake.

By bringing its ownership holding below 5 percent of the company, Alibaba is now no longer bound by regulations to disclose any further share purchases or sales, so long as it remains below the threshold.

The …

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