I have great confidence in the future of $SENSETIME-W(00020)$ Shang Tang's business. The feedback from the first half of 2022 did not reflect the actual revenue of Shang Tang, as the epidemic in Shanghai in March and May was basically silent, and many projects were put on hold or postponed, which led to the delay in revenue. In the midst of this epidemic, smart cars and smart life are growing against the trend, which have been discussed before. I believe that other banks will follow suit soon.
I believe other banks will follow suit soon. And the recent cooperation with Centaline Property's meta-universe shows that the concept of meta-universe, which everyone is still speculating about, has been commercialized by Shang Tang for a long time.
The recent cooperation with Saudi Arabia, Shang Tang Education (which can be found on Twitter), should also have a good market in Saudi Arabia in terms of intelligent AI, with overseas revenue of less than 300 million in 2021, while the contract with Saudi Arabia in 2022 alone will be $207 million.
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