BRIEF: Kingsoft Cloud raises $359 million to support AI expansion
Cloud computing services provider Kingsoft Cloud Holdings Ltd. (3896.HK; KC.US) said on Wednesday it placed 338 million new shares at HK$8.29 apiece to raise HK$2.8 billion ($359 million) The offer…
BRIEF: Fibocom gets China’s regulatory nod for Hong Kong IPO
Wireless communication module maker Fibocom Wireless Inc.’s (300638.SZ) plan for a Hong Kong IPO was registered with the China securities regulator, clearing a key hurdle for the listing to proceed.…
BRIEF: Guofu Hydrogen raises $12.8 million through share placement
Hydrogen energy equipment manufacturer Jiangsu Guofu Hydrogen Energy Technology Equipment Co. Ltd. (2582.HK), said on Wednesday that it will place about 2 million new shares for HK$50.13 each, raising about…
BRIEF: Hesai jumps in Hong Kong trading debut
Shares of autonomous driving technology company Hesai Group (2525.HK; HSAI.US) opened up 7.7% in their Hong Kong trading debut on Tuesday, and continued to rise during the morning to close up…
BRIEF: Bain sells China data center operation to domestic buyer for $4 billion
Bain Capital said on Wednesday it has agreed to sell its China data center operation to a Chinese consortium led by Shenzhen Dongyangguang Industry for $4 billion, representing the largest…
BRIEF: CATL to resume production at Jiangxi lithium mine, faster than expected
Lithium battery giant CATL (3750.HK; 300750.SZ) is preparing to restart operations at its Jianxiawo lithium mine in Jiangxi province’s Yichun, after a one-month suspension. The mine halted production on Aug.…
BRIEF: Pony AI to launch robotaxi service in Qatar
Robotaxi operator Pony AI Inc. (PONY.US) announced on Friday that it will deploy its robotaxis in Qatar through a partnership with Mowasalat, the country’s largest transportation services provider. The move…
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