Sensetime's IPO has been suspended after nine rounds of financing without a core technology barrier
A series of asset sales have been exposed, has not formed the core technical barriers. In terms of performance, the economic observer reported that in 2017, Sensetime's revenue was about CNY 700 million, and the company has achieved an overall profit for the whole year. The business revenue has maintained a 400% year-on-year growth for three consecutive years, and the revenue from main business contracts in 2018 has increased more than 10 times year-on-year. Sensetime's revenue is expected to grow 200 percent to $750 million in 2019, according to Hexun citing foreign media. Considering its investment plans, the company's cash flow is still negative. AI enterprise financing cooling, "financing machine" Sensetime's listing is uncertain. Since its inception in 2014, Sensetime has raised nearly $3 billion, once known as a "financing machine." But it also means that Sensetime has not made any progress in raising capital for a year and a half.