SenseTime backer All-Stars Investment raises $500m to rev up IPO train

Photo: SenseTime Group

All-Stars Investment Ltd. has raised another $500 million to expand its portfolio of startups beyond such Asian heavyweights as Didi Chuxing, expecting about 10 of the companies it’s backed to go public within two years.

The Hong Kong-based venture capital fund, whose latest bets include the world’s largest artificial intelligence startup SenseTime Group Ltd. and ride-hailing giant Grab, manages nearly $2 billion of assets and will stick to later-stage investments, co-founder Richard Ji said.

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