Chinese GPU maker MetaX has confidentially filed for a Hong Kong IPO, targeting a listing by the end of this year, according to sources. The Shanghai-based company is working with Huatai International…
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…
Chinese AI company Zhipu AI raised $4.01 billion through a Hong Kong share placement to fund foundation-model research and development, compute capacity, and expansion, intensifying competition with O…
Iluvatar CoreX, a Shanghai chipmaker, is seeking to raise about $850 million from investors as its share price has more than tripled since January, driven by US export controls on Nvidia chips that ha…
Hong Kong Exchanges and Clearing (HKEX) raised HK$280 billion in IPO proceeds in 2025, overtaking the New York Stock Exchange to rank first globally, driven by a surge in tech listings under its revam…
ByteDance, the owner of TikTok, is spending billions on AI and shifting to domestic chips, potentially benefiting second-tier Chinese chipmakers like Iluvatar CoreX, Biren Technology, and others. The …
ByteDance is in talks to buy at least 50,000 AI chips from Chinese GPU maker Iluvatar CoreX this year, aiming to reduce dependence on Nvidia amid US export controls. The chips would primarily serve in…
ByteDance is in talks to buy at least 50,000 AI chips from Shanghai-based Iluvatar CoreX for inference workloads powering its Doubao chatbot, Reuters reports. If completed, the deal would make Iluvata…
ByteDance, TikTok's parent company, is negotiating to buy at least 50,000 AI inference GPUs from Shanghai-based Iluvatar CoreX, as US export controls push Chinese tech firms to diversify away from Nvi…