Chinese artificial intelligence chip startup Biren Technology is preparing to launch a Hong Kong initial public offering (IPO) in the coming weeks, according to multiple sources familiar with the ... ( read original story ...)
[Opinion] Shanghai Should Seek Financial Ecosystem Restructuring Using Yuan Internationalization Opportunity
Shanghai, as an international financial center strategically positioned by China's national strategy, has entered a critical stage of development from "scale expansion" to "functional upgrading" with ... ( read original story ...)
HSBC proposes privatization of Hang Seng Bank
HSBC Holdings ( ($GB:HSBA) ) has provided an update. HSBC Holdings, along with The Hongkong and Shanghai Banking Corporation Limited and Hang Seng ... ( read original story ...)
China’s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach
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 ...)