Citic Securities was one of the four underwriters tapped by the Hangzhou-based firm, which aims to begin the IPO process…
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Exclusive | Jack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources
Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company’s Hong Kong-listed shares on…
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China’s Moonshot AI aims for US$50b round as year-end Hong Kong IPO targeted: sources
Chinese unicorn Moonshot AI has started and is expected to close its latest financing round by the end of this…
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Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources
MetaX, a Chinese maker of graphics processing units (GPUs), has confidentially filed for a listing in Hong Kong, according to…
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Shein executive chairman to step down as IPO nears completion, sources say
Shein Executive Chairman Donald Tang will step down as his mission of taking the company public nears completion, three sources…
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Exclusive | China’s Kling AI nears US$3 billion round at US$18 billion valuation: sources
Kuaishou-backed Kling AI is close to completing a US$3 billion fundraising round that would value the company at US$18 billion…
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Microsoft cuts hundreds of cloud jobs on mainland, as China, US tighten data laws: sources
Microsoft is laying off hundreds of employees at its Azure cloud unit in China as the US technology giant navigates…
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Exclusive | DeepSeek to soon close first external fundraising in US$50b valuation: sources
Chinese artificial intelligence high-flier DeepSeek is expected to close its first external financing round soon, boosting its valuation to up…
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Chinese AI glasses maker Rokid planning Hong Kong IPO: sources
Rokid, a Hangzhou-based maker of smart glasses, is preparing to file for a Hong Kong listing as early as the…
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Alibaba recruits Google DeepMind contributor to join Qwen AI team, sources say
Alibaba Group Holding has recruited a research scientist from Google DeepMind to bolster development efforts for its Qwen artificial intelligence…
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