Stocks
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Chinese AI start-up SenseTime said to plan IPO on Shanghai's Nasdaq-style market
Chinese artificial intelligence (AI) start-up SenseTime is considering an initial public offering (IPO) on China's Nasdaq-style sci-tech innovation board, also known as the STAR market , Reuters reported Friday citing three people with knowledge of the matter.
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TikTok owner ByteDance said to consider listing China business in HK or Shanghai
ByteDance, the owner of popular short video app TikTok, is considering listing its domestic business in Hong Kong or Shanghai, Reuters reported on Friday citing people familiar with the matter, who added the company prefers Hong Kong.
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Li Auto surges 43% in Nasdaq debut, almost equals NIO in market cap
Chinese electric vehicle (EV) maker Li Auto closed at $16.46 on its first day of trading in the U.S., up 43 percent from its IPO price of $11.50.
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Baidu rumored to spin off personal cloud decision for independent IPO
Baidu has recently been planning to split several of its businesses internally and possibly make them go public independently, according a report today by a WeChat account.
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Sogou shares surge 46 percent on report that Tencent will buy it
Tencent will acquire China's second-largest search engine company Sogou (SOGO.US) in a wholly owned deal, 36Kr reported, citing a person with knowledge of the matter.
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Chinese EV maker Li Auto updates US IPO terms, valuation exceeds $8 billion
Li Auto updated its prospectus today and according to its F1 filing, its IPO is an offering of 95 million ADSs.
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Ant Group's upcoming IPO will create dozens of billionaires
Ant Group, the fintech arm of Alibaba and parent company of Alipay, will create dozens of billionaires and plenty of multimillionaires with its upcoming IPO.
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Chinese investment bank CICC upgrades Nio shares to outperform
Chinese investment bank CICC upgraded Nio to outperform in a note published on July 21. The bank gave Nio a price target of $13.50, 5.3 percent higher than Nio's closing price on Monday.
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Cambricon goes public, becoming first AI chip firm in China's A-share market
On July 20, China's most valuable AI chip start-ups Cambricon Technologies went public on China's SSE Star Market, becoming the first AI chip stock in the A-share market.
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Alibaba's Ant Group plans dual listing in Shanghai and HK
Ant Group, the online payment service arm of China’s Alibaba Group, today announced on Weibo that it plans dual listing on Shanghai's STAR board and HK.