Wife Of Chinese AI Giant SenseTime's Late Cofounder Becomes A Billionaire [Forbes]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Forbes
Yang Qiumei is currently a managing director and advisor to the CEO at Hong Kong Exchanges and Clearing. Hong Kong Exchanges and Clearing Yang Qiumei, the widow of SenseTime cofounder Tang Xiao'ou , has inherited his stake in the Chinese artificial intelligence giant, according to a stock exchange filing. The stake is worth $1.6 billion as of Wednesday's close, Forbes estimates, and propels Yang, 59, to become the latest woman to join Hong Kong's three-comma club. Yang inherited an almost 20% ownership in SenseTime through Amind, the personal holding company of her late husband and the largest shareholder of SenseTime, according to a Hong Kong stock exchange filing in August. Tang died in December at age 55 from an unspecified illness. He was survived by Yang and their son. At the time of his death, Tang had an estimated net worth of $1.1 billion. He debuted on the Hong Kong's 50 Richest list in 2022 , a few months after SenseTime went public in a $740 million initial public
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