Kai-Fu Lee's 01.ai is raising a pre-IPO round ahead of a planned Hong Kong listing in 2027, after pivoting from building AI models to enterprise data infrastructure. Lee calls the product "Boss AI" an…
In early July 2026, Chinese AI chip companies Biren Technology and Iluvatar CoreX returned to capital markets, raising $900 million and $902 million respectively through share placements, while AI mod…
Moonshot AI, the Beijing-based developer of the Kimi series of AI models, is targeting an IPO filing in Hong Kong in the second half of 2026 after its valuation surged from $4 billion to between $20 b…
Zhipu, the Tsinghua University spinout behind the GLM AI models, has seen its stock surge nearly 1,500 percent since its January IPO at HK$116.20, reaching a peak market cap above $100 billion, despit…
Zhongji Innolight, a Shenzhen-listed optical module maker supplying AI data center components for Nvidia's ecosystem, has secured approval for a secondary listing on the Hong Kong Stock Exchange that …
Beijing-based startup Moonshot AI released Kimi K3, a 2.8-trillion-parameter open-weight model with a 1-million-token context window, claiming it matches or surpasses top-tier models from OpenAI and A…
Eoptolink Technology, a Chinese maker of optical parts for AI data centers, has filed for a Hong Kong listing that could raise up to $5bn, according to Bloomberg. The company, already listed in Shenzh…
Eoptolink Technology Inc., a Chinese optical transceiver maker supplying Google, Microsoft, and Amazon, has filed for a secondary listing on the Hong Kong Stock Exchange targeting up to $5 billion, wi…
Bora Pharmaceuticals and Insilico Medicine announced a strategic alliance valued at more than $2.5 billion if fully implemented, combining Insilico's Pharma.AI platform for drug discovery with Bora's …
Zhipu AI raised $4 billion in a Hong Kong placement, but the new shares represent only a 4.2% increase in total capital and most remain locked up, limiting the impact on free float. The Beijing-based …
Nexchip Semiconductor Corporation began trading on the Hong Kong Stock Exchange on July 10 after raising approximately $890 million in a share sale, with proceeds earmarked for R&D and a new $5.1 bill…
Chinese generative AI startup MiniMax Group plans to raise up to $2 billion through new share issuances and convertible bond sales, just months after its Hong Kong IPO raised $619 million. The capital…
Zhipu, the Beijing-based AI company behind the GLM large language models, raised $4 billion in a Hong Kong share placement on July 8, 2026, at a 13% discount to its previous close, just six months aft…
Zhipu AI, a Beijing-based developer of large language models, priced its share placement at HK$1,588 per share to raise approximately $4 billion, testing investor appetite for Chinese AI stocks after …
Shanghai Iluvatar CoreX Semiconductor is planning a share sale in Hong Kong that could raise at least $800 million, just months after its IPO, as demand for domestic AI chips surges amid US export con…
Kuaishou's AI video division Kling raised $2 billion from investors including CPE, Tencent, and Citic Securities, valuing the unit at $18 billion. The funding round supports Kling's planned spinoff an…
Tencent is joining a reported $3 billion funding round for Kuaishou's AI video generation platform Kling AI, which is expected to be valued at $18 billion. Kuaishou plans to spin off Kling AI and laun…
China's Kling AI, a spin-off from Kuaishou Technology, is nearing a US$3 billion fundraising round at an US$18 billion valuation, with Tencent among the investors. The company plans to start its Hong …
Tencent is aggressively buying back its own shares on the Hong Kong Stock Exchange after its market capitalization lost $309 billion, driven by investor concerns over AI spending. The company repurcha…
Baidu is preparing to take its AI chip subsidiary Kunlunxin public on the Hong Kong Stock Exchange, targeting a $50 billion valuation. The spin-off aims to highlight Kunlunxin's standalone value amid …