IDC: SENSETIME-W (00020.HK) Ranks Among Top 3 CN GenAI IaaS Service Providers in 2H23

　　According to IDC's latest report “Tracking the Chinese Intelligent Computing Service Market (2H23)”, the overall size of China's intelligent computing service market in 2H23 reached RMB11.41 billion, marking a YoY growth of 85.8%. Of which, the market size of GenAI IaaS (generative AI infrastructure-as-a-service) reached RMB3.22 billion, while SENSETIME-W (00020.HK) -0.020 (-1.587%) Short selling $103.36M; Ratio 12.831% ranked among the top three GenAI IaaS service providers in China.

　　At present, the computing power managed by the foundation device of SENSETIME-W has achieved unified scheduling across China's network, and has expanded new computing nodes in Shanghai, Shenzhen, Guangzhou, Fuzhou, Jinan, and Chongqing. As of 1Q24, SENSETIME-W's total computing power has reached 12,000 petaFLOPS. It is estimated that by the end of this year, the total computing power of the operation of the foundation device will reach 25,000 petaFLOPS.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-22 16:25.)

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