China’s SenseTime secures $620m in latest fundraising, gets valued at $4.5b

FILE PHOTO: SenseTime Co-Founder Xu Chiheng demonstrates surveillance software of his company on a laptop at the SenseTime office in Beijing, China, October 11, 2017. REUTERS/Thomas Peter/File Photo

SenseTime Group Ltd. has raised $620 million at a valuation of more than $4.5 billion just months after scoring a similar amount from investors led by Alibaba Group Holding Ltd. and Singapore’s state investment firm.

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