On September 22, SENSETIME-W rose 3.56% in regular trading, trading at HK$1.285/share, with turnover of HK$86.65 million. The rally was driven by a newly released industry report confirming the company's dominant position in China's emerging AI cloud market.

Frost & Sullivan, in collaboration with LeadLeo Research Institute, published the China Full-Stack AI Cloud Services Market Report for the first half of the year, showing that SenseTime's AI infrastructure platform — known as SenseCore — captured nearly 50% of the Chinese Neocloud market, ranking first by a significant margin. Neocloud refers to cloud providers built from inception around AI workloads, with overseas peers including CoreWeave and Nebius. The report noted that Agentic AI demands over 10x more compute than traditional large language models, underscoring the strategic value of purpose-built AI infrastructure.

The milestone builds on strong recent fundamentals. SENSETIME-W reported its first-ever IFRS net profit of RMB 617 million in the first half, with generative AI revenue accounting for nearly 80% of total revenue and recurring revenue surging 124.4% year-over-year. The company's daily token service volume reached 2.42 trillion in July, with a target to exceed 10 trillion by year-end.

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