Hong Kong Executive Inherits $1.5 Billion Stake in SenseTime
- Yang inherited the shares from her late husband Tang
- Tang was one of the co-founders of the Chinese AI giant
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An executive at Hong Kong’s stock exchange has inherited a stake worth more than $1 billion in SenseTime Group Inc. from her late husband, making her the largest shareholder in the Chinese artificial intelligence giant.
Yang Qiumei, managing director and adviser to the chief executive officer at Hong Kong Exchanges & Clearing Ltd., received a 20% shareholding, according to a regulatory filing in August. The stake is now worth $1.5 billion. Tang Xiao’ou, her late husband and one of the company’s co-founders, died in December of an undisclosed illness.