Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and ... ( read original story ...)
Founder of Moore Threads, China’s ‘Nvidia,’ becomes billionaire after blockbuster IPO
Zhang Jianzhong, founder of Moore Threads Technology, became worth $4.3 billion after his Chinese AI chipmaker’s shares soared 425% during its Shanghai market debut last week. ( read original story ...)
China IPO Mania Gives Investors Just a 0.02% Shot at Stock
Investors who successfully secured 500 shares of AI chipmaker Moore Threads Technology Co. at its initial public offering last week would have realized a profit of about 500% on the first day of trade ... ( read original story ...)
Only 0.02% of Stock Bids Is Awarded in China IPO Market Frenzy
Trying to get a piece of a new listing in China has always been a long shot, but this year it has become a near-impossible feat. ( read original story ...)
Nvidia rival Moore Threads warns of risk after 723% IPO surge amid China’s chip push
Chinese chipmaker, Moore Threads Technology Co., saw its stock rise 723% in the first week after its initial public offering on the Shanghai Stock ... ( read original story ...)
Chinese AI unicorns MiniMax and Zhipu said to be eyeing imminent Hong Kong IPOs
Tencent Holdings (TCEHY) and others, plans for its IPO to take place as soon as January, people familiar with the matter told Bloomberg. The listing could raise hundreds of millions of dollars, they ... ( read original story ...)
Chinese AI unicorns MiniMax and Zhipu said to target Hong Kong IPOs soon — Bloomberg
Zhipu, which is also backed by the tech giants Alibaba, Tencent and several more, is targeting a listing by around that time too, the people said. Bloomberg News reported in July that Zhipu was ... ( read original story ...)