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yang qiumei

phoenix technology news, october 2, beijing time. in december last year, tang xiaoou, co-founder of sensetime technology, unfortunately passed away. the movement of the company shares he held attracted attention. according to bloomberg, yang qiumei, tang xiaoou’s widow and current ceo advisor and managing director of the hong kong stock exchange group, inherited his shares and became the largest shareholder of sensetime technology.

according to regulatory documents disclosed by the hong kong stock exchange in august this year, yang qiumei inherited 20% of sensetime shares held by tang xiaoou, which is currently worth us$1.5 billion. documents show that on august 19 this year, more than 6.9 billion unlisted class a shares of sensetime were transferred to yang qiumei. eight days later, the same number of shares were converted into class b shares of sensetime technology listed in hong kong, accounting for approximately 20% of all issued class a shares and class b shares of sensetime technology, making yang qiumei a shareholder of sensetime technology. largest shareholder. according to regulations, hkex employees are required to report their hong kong securities internally.

yang qiumei inherited 20% of tang xiaoou’s shares

yang qiumei did not respond to bloomberg’s request for comment via linkedin. a spokesman for the hong kong exchange said the exchange "does not comment on its employees." sensetime has not yet commented.

yang qiumei, 59 years old, worked at the hong kong stock exchange from 2010 to 2013 and will rejoin the hong kong stock exchange in 2022 to assume her current position. she has also held other positions, including asia pacific ceo of ici global, an investment managers industry association, and deputy director of the fund department of the china securities regulatory commission.

according to the obituary released by sensetime technology, tang xiaoou died on december 15, 2023 due to ineffective treatment for his illness. after the news was announced, sensetime’s share price plunged 18%. in 2014, tang xiaoou co-founded sensetime technology and led the company to be listed in hong kong in 2021. (author/xiao yu)

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