Trading in China's SenseTime halted after shares pop 30% in Hong Kong

HONG KONG -- Trading in shares of SenseTime, the Chinese facial recognition giant, was halted after its stock price surged more than 30% on Wednesday morning in Hong Kong.

The biggest jump in more than two years followed the company's release of the latest version of its SenseNova large language model, and comes amid fierce competition among Chinese Big Tech to catch up with OpenAI of the U.S. and take the lead in generative AI in their own country.