MSCI's "Hong Kong Stock AI First Stock" receives a valuation reappraisal, SenseTime's spatial intelligence open-source model draws attention

On February 12, Hong Kong stocks’ AI leader SenseTime Technology performed strongly. At the close, SenseTime-W (00020.HK) was at HKD 2.68 per share, up 6.77%; during the trading day, it briefly reached a high of HKD 2.74, with a maximum increase of 9.16%.

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In terms of news, SenseTime recently successfully included in the MSCI China Index, known as the “global capital allocation indicator.” Meanwhile, the company released its spatial intelligence model, SenseNova-SI-1.3.

International Capital Focuses on Chinese AI, SenseTime Likely to Attract Passive Funds

Recently, MSCI, a globally renowned index provider, announced its latest quarterly review results. SenseTime Group Class B shares were officially included in its flagship MSCI China Index, with the adjustment taking effect after the close on February 27. Inclusion in the MSCI China Index requires strict screening. Companies must have access to international investors, a structure compliant with international standards, and a clear voting rights structure. Additionally, the index emphasizes a company’s competitive advantages and long-term value within its industry. As the “Hong Kong AI first stock” included in the MSCI China Index, SenseTime may attract more long-term value investors and gain favor from international passive funds. According to MSCI data, as of July 2025, over $17 trillion in assets are benchmarked to MSCI indices, with passive funds exceeding $2 trillion. This means each index adjustment could trigger significant reallocation of funds.

Public information shows that companies included in MSCI indices earlier mainly come from consumer electronics and internet giants, such as Apple, Microsoft, Nvidia overseas, and Tencent, Xiaomi, Meituan, CATL in China. Being part of this index system not only signifies that SenseTime’s technological strength, business model, and governance have been validated by mainstream international capital markets but also provides a strategic entry point for Chinese AI companies into global capital.

Technological Leadership Reinforced, Open-Source Model Tops Authority Rankings

Beyond capital benefits, SenseTime’s technological breakthroughs also boost market confidence. On February 6, SenseTime officially open-sourced its spatial intelligence model, SenseNova-SI-1.3. According to its release data, the model ranked first in the comprehensive EASI-8 leaderboard, which covers eight authoritative evaluations.

Notably, SenseTime’s research team overcame the challenge of scarce 3D world data by innovative data construction from new perspectives, demonstrating the need for new learning paradigms in spatial intelligence research. Under the company’s “Big Device - Big Model - Application” integrated strategy, the full-stack closed-loop deployment is shifting the company from technological leadership to commercial realization. SenseTime’s financial report shows that by the first half of 2025, revenue from generative AI had increased significantly to 77%. The “Big Device - Big Model - Application” strategy is accelerating toward commercial results. Goldman Sachs further predicts that this proportion will rise to 91% by 2030.

As the AI industry evolves rapidly, market scrutiny of AI companies has become more cautious and pragmatic. SenseTime’s recent technological breakthroughs and international capital recognition partly address concerns about when the industry will be profitable and whether the technology is robust enough. As international capital markets deepen their focus, challenges in niche areas are gradually being overcome, and long-term value discussions around high-quality AI assets like SenseTime are likely to intensify.