Chinese Spygear Titan’s Ready to Recover $11 Billion Market Loss
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Hikvision can offset potential weakness at home with AI
- The Chinese company remains dominant in video surveillance
Hangzhou Hikvision Digital Technology Co. has bled $11 billion of market value since U.S. tensions and concerns about a slowing Chinese economy knocked it off a March peak. Now, the world’s largest maker of surveillance equipment is counting on smarter robotic devices to more than recoup those losses.
Hikvision — pronounced “Hike-vision” in deference to its Chinese name — had for years cashed in on the country’s obsession with monitoring its citizens for everything from traffic shenanigans to acts of terrorism. Despite its months-long decline, it’s still earned a valuation on par with some of the world’s largest technology corporations including Alphabet Inc. and Facebook Inc. — before the U.S. social media firm’s Wednesday post-market plunge…
Chinese Spygear Titan’s Ready to Recover $11 Billion Market Loss
