The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say. ( read original story ...)
MiniMax plans to price HK IPO at top of range on Chinese AI fervour, Bloomberg reports
MiniMax, backed by Alibaba Group Holding Ltd and Abu Dhabi’s sovereign wealth fund, is among the first of China’s post-ChatGPT generative artificial intelligence firms to go public. ( read original story ...)
China AI IC developer Biren IPOs in Hong Kong
Biren’s success follows the December IPO of China GPU startup MetaX Integrated Circuits Shanghai which raised $585m in an IPO that was more than 2,986-times oversubscribed, with the post-IPO share ... ( read original story ...)
Shanghai Issues Ninth Annual Action Plan to Build First-Class Business Environment
A unified financing platform for small- and medium-sized enterprises will be launched citywide, facilitating banks' implementation of seamless loan renewal policies. Shanghai will also grant greater ... ( read original story ...)
Embodied intelligence industry shows big leap forward in 2025
The National Development and Reform Commission, the country's top economic regulator, said in November that China's embodied intelligence industry is leaping forward, with its industrial value set to ... ( read original story ...)
From Baidu unit to Jio, Asia’s IPO boom shows no sign of slowing
AS Watson Group and Syngenta considering US$2bil+ IPOs. China's AI tech firms' 2026 deals: ChangXin Memory Technologies' US$43bil, Baidu’s Kunlunxin potential US$3bil valuations. ( read original story ...)
Shanghai rolls out new plan to enhance business environment
Building on existing measures that have positioned the city as a leader in 22 World Bank business environment indicators, Shanghai released its latest action plan on Sunday aimed at further ... ( read original story ...)