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SenseTime Group Reports Record High Revenue of Over RMB 5 billion in 2025; Second Half EBITDA Turns Positive
The Company has successfully transitioned from a technological investment phase into a period of sustainable and accelerated growth. During the reporting period, its endogenous growth momentum continued to strengthen, alongside improved capital efficiency and resilient cash flow generation. Trade receivables collection rose to a record RMB 4.87 billion. Operating cash flow recorded a positive net inflow in the second half of 2025, marking the first such achievement since listing.
Looking ahead, the Company plans to launch a new foundational model based on its second-generation NEO architecture in the second quarter of this year. The model is expected to deliver a further step in efficiency and cost-effectiveness, enabling the broad deployment of agentic AI applications.
Dr. Xu Li, Chairman of the Board and Chief Executive Officer of SenseTime, said: “We firmly believe that the deep integration of language and vision represents the most effective path to pushing the boundaries of artificial intelligence. Built on our innovative NEO architecture, we have achieved unified understanding and generation, while exploring a new ‘Scaling Law’ for multimodal intelligence. These technological breakthroughs, together with the deep integration of agentic AI, will unlock new application possibilities and enable a new generation of vertical use cases. While continuing to drive innovation in core technologies, SenseTime has delivered dual growth in both revenue and EBITDA, demonstrating strong growth resilience and operational efficiency across the industry, and is steadily advancing towards high-quality development.”
Continuously rolling out native multimodal large models, “efficiency enhancement + cost reduction” drives accelerated commercial growth
In 2025, SenseTime continued to invest in cutting-edge R&D, delivering breakthrough progress across large-model architecture innovation, training paradigms, inference efficiency, and spatial understanding, while maintaining its leading position in China.
The performance of the SenseNova multimodal large model continues to improve steadily, maintaining long-term leadership across multiple authoritative benchmarks. The Company has successively released and open-sourced the SenseNova-SI Spatial Intelligence Model. In a comprehensive evaluation incorporating several internationally recognized spatial intelligence benchmarks, SenseNova-SI delivered outstanding results, ranking first globally among peer models. In parallel, the open-source Kairos-SenseNova became the first embodied native world model to achieve integrated multimodal understanding, generation, and prediction. In December 2025, SenseTime also unveiled and open-sourced NEO, an fundamentally new native multimodal model architecture. NEO achieves state-of-the-art performance comparable to industry peers of a similar scale while requiring only one-tenth of the training data and computing power. Together, these breakthroughs redefined model training paradigms and inference efficiency, marking SenseTime’s entry into a new phase in its pursuit of deep multimodal integration
Leveraging the leading capabilities of its SenseNova multimodal large model, SenseTime has established a robust, scalable and replicable B2B business model. By applying a comprehensive framework that assesses task complexity and fault tolerance, the Company is able to unlock the closed-loop value of AI agents across strategic use cases, including office productivity, finance, marketing, and content generation. Its customer base spans a broad range of industries, encompassing automotive, smart devices, consumer goods, Internet services, embodied intelligence, financial services, education and healthcare.
Meanwhile, SenseTime has continued to make progress in developing a new generation of AI-native consumer applications. The Kapi product series has successfully built a user base numbering in the tens of millions, underscoring the strong growth potential of AI-native applications and demonstrating the Company’s ability to embed advanced AI technologies into everyday life.
SenseCore: Deeper coordination between computing infrastructure and model R&D unlocks international commercial potential
As the core technological pillar of its “Infrastructure – Model – Application” strategy, SenseCore achieved a significant transition in 2025, converting technological strengths to a fully developed industrial closed loop. During the year, it supported nearly one million model R&D tasks, effectively unlocking the full chain from underlying hardware to top-level applications, and from software stacks to model adaptation. Notably, the LightX2V World Model Inference System delivered breakthrough performance on domestic hardware, outperforming leading overseas chips.
SenseCore accelerated collaboration across China’s domestic technology ecosystem, positioning itself as a key chain master within industry. It partnered with more than a dozen chip makers, including Huawei Ascend, Hygon and Cambricon, to launch the SenseCore Computing Power Mall. SenseCore has since become a core partner of leading research institutes, Internet giants, pan-entertainment groups, embodied-intelligence robotics firms and large-model unicorns, and has also launched China’s first overseas Chinese-led computing cluster in Saudi Arabia.
As of the release of this result announcement, the total operational computing scale of SenseCore had reached 40,400 PetaFLOPS (FP16).
CV 2.0 records first‑ever net profit and positive cash flow; “X” Businesses gains strong recognition from external investors
SenseTime’s Computer Vision (CV; Visual AI) business is transitioning from a technology investment phase into a period of large-scale commercial returns. During the reporting period, CV 2.0 achieved profitability for the first time and generated positive cash flow for a second consecutive year, emerging as a key driver of the Company’s revenue growth and cash-flow improvement. SenseTime has maintained the leading position in China’s CV market for nine consecutive years. Internationally, clients across Southeast Asia, Northeast Asia and the Middle East continued to repurchase CV products and services, while interest increased from clients in South America, Europe and other regions, forming a replicable, scalable “Chinnovation” model for global expansion.
In 2025, SenseTime firmly advanced its “1+X” strategy, establishing a highly efficient collaborative system in which the core platform (the Company) provides foundational capabilities, while ecosystem partners compete and scale within targeted verticals. This marked a strategic shift from standalone business expansion towards the multiplication of ecosystem-wide value. Ecosystem enterprises incubated by SenseTime made steady progress in financing during the year, attracting strong interest from external investors including Internet giants, leading venture capital firms and industrial funds. Notably, the edge AI chip and intelligent driving business successfully completed financing rounds and were subsequently spun off to operate independently.
Looking ahead to 2026, the Company believes it is well positioned to compete in the critical phase of the global AI industry. It will continue to deepen its native multimodal architecture, reinforcing its global leadership in the integration of native multimodal large models and spatial intelligence. Meanwhile, the Company plans to capitalize on opportunities in the merging agentic AI market, targeting rapid growth in both user scale and commercial value. The Company will also accelerate the adaptation of domestic Chinese chips, further reduce large-model inference costs, and enhance product competitiveness through superior cost-performance. Within its Visual AI business, it will leverage both domestic and international growth engines to drive large-scale expansion and establish a global benchmark for intelligent industries. In parallel, the Company will continue to advance its “1+X” strategy to capture incremental returns arising from the accelerating intelligent transformation of vertical industries.
Hashtag: #SenseTimeGroup
The issuer is solely responsible for the content of this announcement.
About SenseTime
SenseTime is a leading AI software company focused on creating a better AI-empowered future through innovation. We are committed to advancing the state of the art in AI research, developing scalable and affordable AI software platforms that benefit businesses, people and society as a whole, while attracting and nurturing top talents to shape the future together.
With our roots in the academic world, we invest in our original and cutting-edge research that allows us to offer and continuously improve industry-leading AI capabilities in universal multimodal and multi-task models, covering key fields across perception intelligence, natural language processing, decision intelligence, AI-enabled content generation, as well as key capabilities in AI chips, sensors and computing infrastructure.
SenseTime’s business spans generative AI, vision AI, and innovative businesses. Through high-efficiency, low-cost, and scalable AI innovation and deployment, we complete the commercial value loop and lead the industrialization of artificial intelligence. Built with strategic foresight, our next-generation AI infrastructure, SenseCore, integrates computing power, algorithms, and platforms. Based on this foundation, SenseTime’s ‘SenseNova’ large model and R&D system can enable general AI tasks at a low cost. In addition, SenseTime continues to lead the vision AI market. Leveraging years of accumulated expertise in vision AI and empowered by cutting-edge multimodal large models, our SenseFoundry platform provides more stable and efficient vision AI support across diverse industries globally.
SenseTime advocates for a philosophy of “balanced development” in AI ethics and actively participates in the formulation of industry, national, and international standards related to data security, privacy protection, AI ethics, and sustainable AI. It has established close collaboration with multiple institutions in the Chinese Mainland and multilateral organizations to promote the sustainable and ethical development of AI. SenseTime’s Code of Ethics for Sustainable AI Development was included in the United Nations’ “Resource Guide on AI Strategies”, and its related research and practices have been repeatedly recognized by international partners.
SenseTime Group Inc. has successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited (HKEX). We have offices in markets including Hong Kong, Shanghai, Beijing, Shenzhen, Chengdu, Hangzhou, Xi’an, Singapore, Bangkok, Kuala Lumpur, Riyadh, Abu Dhabi, Dubai, and Seoul, among others, as well as a presence in Germany, Thailand, Indonesia and the Philippines. For more information, please visit SenseTime’s official website or 
LinkedIn, 
X, and 
Facebook pages.
Media OutReach
Zuellig Pharma Reinforces Commitment to Japan through Its New Misato Depot, Advancing Clinical Logistics and Sourcing Excellence
Medical innovation across the region continues to accelerate, with China, India, Australia, Japan, South Korea, Taiwan and Singapore emerging as key pillars of Asia Pacific’s clinical trial ecosystem over the past five years[1]. Against this backdrop, the move in Japan reinforces Zuellig Pharma’s commitment to supporting sponsors and clients with reliable, compliant and seamless access to Japan – advancing its broader mission to make healthcare more accessible.
The new depot will bring together Zuellig Pharma’s established knowledge assets, operational excellence, and clinical logistics and sourcing expertise. Backed by a highly experienced and expert-led local team, the depot delivers precision project management tailored to Japan’s intricate regulatory and logistical requirements, while enabling smoother coordination for multi-market studies as the clinical landscape continues to evolve.
“As sponsors and clients increasingly run multi-market studies, they need clinical supply partners that can deliver consistency across borders while navigating local complexity,” said John Graham, Chief Executive Officer, Zuellig Pharma. “This relocated depot will strengthen access to Japan within our regional network, helping us execute with greater reliability, compliance, and speed across the region.”
The Misato clinical depot will also provide a streamlined, turnkey solution for global sponsors seeking rapid and compliant market entry into Japan. Sponsors will benefit from the same rigorous operational excellence, regulatory adherence, and service consistency delivered by Zuellig Pharma’s strategic network of clinical depots, without the overhead of building or managing costly standalone facilities. This milestone supports Zuellig Pharma’s ongoing efforts to accelerate clinical development and improve patient access to innovative therapies across Asia Pacific.
With this strategic move, Zuellig Pharma further strengthens its position as a trusted partner for global clinical development, combining scale, expertise, and agility whilst delivering high-quality, compliant clinical logistics and sourcing solutions across Asia Pacific.
Hashtag: #ZuelligPharma #ClinicalTrials #ClinicalResearch #Healthcare #Pharmaceuticals #ColdChain #Logistics
https://www.zuelligpharma.com/
https://www.linkedin.com/company/zuellig-pharma
The issuer is solely responsible for the content of this announcement.
About Zuellig Pharma
Zuellig Pharma is a leading healthcare solutions company in Asia, and our purpose is to make healthcare more accessible to the communities we serve. We provide world-class distribution, commercialization, and clinical trial support services, underpinned by a strong culture of innovation to support the growing healthcare needs in this region. The company was founded a hundred years ago and has grown to become a multibillion-dollar business covering 18 markets with over 12,000 employees. Our people serve more than 200,000 medical facilities and work with over 450 clients, including the top 20 pharmaceutical companies in the world.
- Contractor Sentiment Survey shows 70% of respondents expect improved market conditions in 2026
- Office fit out costs diverge across the region with Japan and Taipei posting largest year-on-year increases while costs in Hong Kong held steady
HONG KONG SAR – Media OutReach Newswire – 26 March 2026 – Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2026 highlights a clear shift in regional market dynamics, with sentiment strengthening and activity levels improving across several key markets. Contractor confidence has risen year-on-year, with 70% of the respondents to the firm’s annual Contractor Sentiment Survey anticipating improved conditions in 2026. This positive sentiment is further supported by the stronger‑than‑expected 92 million square feet of office absorption in 2025 and a tightening construction pipeline outside India.
Of the 180 survey respondents, nearly two thirds reported project backlogs of around six months, reflecting improving project delivery conditions across the region. While Japan and Indonesia remain outliers with longer backlogs, most markets expect stabilisation or slight improvement in delivery timelines in 2026. This alignment between contractor sentiment and strengthening occupier demand points to a more balanced and active project environment emerging across Asia Pacific.
Ranee Ng, Executive Director, Head of Project & Development Services, Hong Kong said: “As Hong Kong’s property market evolves, occupiers are seeking practical, scalable fit out strategies that deliver efficiency in high density environments. There is a clear shift toward flexible designs that can rapidly adapt to changing workforce behaviours and policy updates, while demand for sustainable materials, energy efficient construction and smart building technologies is accelerating innovation. These trends are creating a more resilient fit out ecosystem where disciplined cost management and value driven delivery allow clients to achieve compelling performance outcomes without sacrificing quality.”
Fit Out Cost Movements (YoY, 2025 → 2026)
The 2026 Guide reported a divergence in city level fit out costs (measured in USD per sq ft) across the region:
- Costs rising: Japan and Taipei posted the largest year-on-year increases
(Tokyo: USD 215 vs USD 195; Taipei: USD 145 vs USD 110) - Costs easing: Mainland China and South Korea saw declines
(Shenzhen: USD 87 vs USD 94; Seoul: USD 130 vs USD 156) - Costs steady: Singapore (USD 140) and Hong Kong (USD 160) remained largely unchanged
- Best value: India remains the region’s most cost competitive market, with most major cities ranging USD 65–73 per sq ft
These cost movements reflect evolving local construction dynamics and broader economic adjustments influencing material, labour and delivery markets across Asia Pacific.
APAC Office Market Dynamics
Even as office demand across APAC surged in 2025, Cushman & Wakefield also noted a substantial contraction in new office supply outside India. Development pipelines have moderated sharply due to rising construction costs and reduced project feasibility, intensifying competition for prime space. As supply tightens, vacancy rates in high quality buildings – particularly in core CBD locations – are expected to trend lower, reinforcing the ongoing flight to quality amongst occupiers.
Report author and Head of International Research, APAC & EMEA, Dr. Dominic Brown said: “After a resilient 2025, the Asia Pacific office market is now transitioning into a more stable phase, supported by a gradual return of business confidence. Coupled with the tightening supply pipeline outside India, which is reshaping the competitive landscape for high quality space, these collective shifts indicate a meaningful turning point for the region in 2026, with both occupiers and investors positioned for renewed momentum.”
Notes:
- Data and pricing benchmarks in the guide reflect market conditions as of December 2025. For insights on the Middle East conflict, please refer to Cushman & Wakefield’s Middle East Conflict: Implications for Energy, Inflation, and CRE.
- Cushman & Wakefield publishes Office Fit Out Cost Guides for APAC, EMEA and the Americas, which are all available [here].
Hashtag: #CushmanWakefield
The issuer is solely responsible for the content of this announcement.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (
www.linkedin.com/company/cushman-&-wakefield-greater-china).
Media OutReach
Tintri and Platform9 Announce Joint Solution for containerized and hypervisor-based workloads.
New all-in-one platform to help businesses develop and deploy at scale with maximum ROI
CHATSWORTH, US – Media OutReach Newswire – 25 March 2026 – Tintri, the innovator in workload-aware, AI-powered data management, and Platform9, the leader in simplifying enterprise private clouds, today announced a strategic partnership to deliver a bundled AI-ready infrastructure solution that streamlines deployment and reduces operational costs. The out-of-the-box offering makes it simple for enterprises to stand up and scale modern AI systems without the complexity of traditional stacks.
The Problem: AI Is Getting Expensive
Running AI to process and analyze data in real time, requires moving enormous amounts of data at extremely high speeds. Existing infrastructure wasn’t built to manage the sheer volume and velocity of data required for on-demand inferencing and ongoing model training, ultimately causing slowdowns and driving up operational costs. Tintri and Platform9 directly addresses these critical bottlenecks in the by cutting the cost per AI transaction, as low as possible.
What’s in the New Platform
The new offering has two main parts:
1. A powerful data center component built on standard server hardware that can run multiple types of virtual machines and containerized applications side-by-side, without resource impacts. Tintri’s patented technology monitors each application individually, making sure the most critical ones always get the resources they need.
2. An edge AI component designed for capturing real-time data to continuously learn and update inference models.
A core component of the platform is Tintri VMstore, which uniquely runs multiple virtualization platforms and Kubernetes (the industry-standard system for managing containerized applications) all within the same platform. This is a significant differentiator: most competing solutions require separate infrastructure for each. Tintri’s patented technology observes each application individually and guarantees real-time resource delivery, even when the system is under heavy load. This eliminates the “noisy neighbor” problem, where resource-intensive applications steal resources and slow down everything else.
Why It Matters
Many companies today have AI running in multiple locations, either in a central data center, as well as out in the field on cameras, sensors, or other devices. Managing all of that separately is complex and expensive. This new platform unifies the entire setup under one management system (provided by Platform9), so IT teams spend less time juggling tools and more time moving their business forward.
Available now through Tintri’s global network of authorized partners, Phil Trickovic, Senior Vice President of Tintri said:“This launch represents a major milestone in our commitment to providing intelligent, autonomous infrastructure. We’re giving customers the exact tools they need to conquer the complexities of modern AI and edge computing, all while driving down operational costs.”
Hashtag: #Tintri #Platform9
The issuer is solely responsible for the content of this announcement.
About Tintri
Tintri delivers the industry’s only workload-aware, AI-powered data management platform, built specifically for virtualized and containerized workloads. Its VMstore platform autonomously manages data at the level of individual VMs, containers, and databases; providing per-workload automation, guaranteed QoS, and predictive analytics that eliminate routine tuning and troubleshooting. Recognized for this innovative approach, Tintri was named “Overall Data Storage Company of the Year” in the 2025 Data Breakthrough Awards. Learn more at tintri.com.
About Platform9
Platform9 is the leader in simplifying enterprise private clouds. The company’s flagship product, Private Cloud Director, has all of VMware’s enterprise-grade features today along with private cloud features for the future. Platform9 was founded by a team of VMware cloud pioneers and has over tens of thousands of nodes in production at some of the world’s largest enterprises. Platform9 is an inclusive, globally distributed company backed by prominent investors, committed to driving private cloud innovation and efficiency. For more information, go to: https://platform9.com/.
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