SenseTime Group co-founder Tang Xiao’ou has become one of the world’s richest people, after the Chinese AI champion blew past concerns about American sanctions to surge as much as 23 per cent on its Hong Kong debut.
The Massachusetts Institute of Technology alum’s wealth has jumped by $300 million to roughly $3.7 billion after SenseTime ended Thursday 7.3 per cent above its initial public offering price, according to the Bloomberg Billionaires Index.
Unlike many of his cohorts, the SenseTime co-founder hailed from the world of academia, as an information engineering professor at the Chinese University of Hong Kong.
He has long been involved