Stock in SenseTime hit a record low Monday after the Chinese artificial-intelligence specialist said its controlling shareholder, billionaire academic Tang Xiao’ou, had died at 55. SenseTime [said Tang, a company co-founder and board member, had died Friday](https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1217/2023121700135.pdf), due to health issues that it didn't specify. Tang, 55, co-founded SenseTime in 2014 with Xu Li, who is the firm's chief executive.
Weilun Soon is a Senior Asia Tech Reporter for The Wall Street Journal and Yahoo Finance. He specializes in covering the latest developments and trends in the technology sector across Asia, with a focus on China. His work has also been featured on CNBC.