Chinese AI Firm SenseTime Dives After Short-Seller Takes Aim – Bloomberg

// Grizzly cited documents and insiders describing how SenseTime engaged in what it called round-tripping, where it allegedly financed companies that in turn fed business to SenseTime. Its stock tumbled as much as 9.7% before closing about 5% lower in Hong Kong. SenseTime said the report “is without merit and contains unfounded allegations” in a filing to the exchange. https://www.bloomberg.com/news/articles/2023-11-28/sensetime-shares-drop-10-after-critical-grizzly-research-report //