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Chinese autonomous-driving firm WeRide seeks up to US$440 million in US IPO, placement

A group of investors agreed to buy US$320.5 million worth of ordinary shares via private placements, the filing shows. Alliance…

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Tech

Autonomous driving unicorn WeRide files for US IPO amid expansion plans in China, overseas

WeRide – a Cayman Islands holding company whose operations are mainly conducted by Guangzhou Wenyuan Zhixing Technology and its subsidiaries…

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Tech

Stanley Ho’s youngest son Mario leads first listed Chinese company in the esports industry

NIP, which achieved a milestone as the first listed Chinese company in the esports industry, raised a total of US$20.25…

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Tech

China’s top live-streaming influencer Dong Yuhui departs East Buy to pursue own venture

The 31-year-old Dong, a former teacher who gained fame and wealth in China’s live-streaming e-commerce sector, left his employer because…

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New Business

Hong Kong IPO applications surge as many in China’s Silicon Valley keen -summit

Shenzhen, widely considered China’s Silicon Valley, is brimming with technology companies eager to list in Hong Kong, where a stock…

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Tech

CrowdStrike-Microsoft outage: Chinese cybersecurity firms take victory lap

Chinese cybersecurity companies are taking advantage of the massive Microsoft Windows outage that upended businesses and grounded flights around the…

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Tech

China moves closer to launching flying taxi services as EHang seeks Beijing’s go-ahead

Hu said EHang is working closely with the CAAC to establish a new operating system for pilotless aerial vehicles, and…

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Tech

Tencent-backed Kuaishou’s IPO overbought 1,200 times by retail investors, sets record

Tencent-backed Kuaishou Technology wrapped up the first mega IPO of the year on Friday. It set the final offer price…

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