Shangtang established an intelligent development company in Xiamen with a registered capital of 30 million US dollars.

Tianyancha business information shows that on January 19th, Xiamen SenseTime Intelligent Development Co., Ltd. was established, with Ma Kun as the legal representative and a registered capital of 30 million US dollars. Its business scope includes development of artificial intelligence basic software, development of artificial intelligence application software, development of artificial intelligence theory and algorithm software, and development of general artificial intelligence application systems. Shareholder information shows that the company is wholly owned by SenseTime Group Limited.