Asian Tech Press (Dec 31) -- U.S.-blacklisted AI company SenseTime surged 33.17% on its second day of listing in Hong Kong and is now at HK$5.50 per share, with a total market capitalization of about HK$183.053 billion ($23.48 billion).

SenseTime, the largest artificial intelligence software provider in Asia, was officially listed on the Hong Kong Stock Exchange on Thursday. Its stock code is "0020", opening at HK$3.91 per share on debut day, and its market cap once exceeded 157.8 billion Hong Kong dollars ($20.24 billion).

Some market participants said that SenseTime's listing in Hong Kong, can be described as the world's largest IPO in the field of artificial intelligence.

As the U.S. Treasury Department added the company to the list of "Chinese military-industrial complex companies", a list of companies in which U.S. investors will not be able to invest, SenseTime earlier postponed its IPO plan.

(US$1 = HK$7.7967)