Reborn Unisplendour trades in chips for digits
The new rendition of former chip highflyer Tsinghua Unigroup is charting a pragmatic course, shifting from M&A-driven expansion to digital infrastructure Key Takeaways: Unisplendour has filed for a Hong Kong…
BRIEF: Nuobikan clears Hong Kong listing hearing
AI technology company Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. passed its listing hearing with the Hong Kong Stock Exchange, based on its filing of an updated prospectus on Thursday,…
GDS bets on new AI cycle while balancing expansion, deleveraging
The data center operator has begun listing its real estate assets to pay down debt as it races to capitalize on growing demand for AI computing Key Takeaways: Data center…
NEWS WRAP: MediTrust Health says AI to empower better decision-making for insurers
The healthcare payor platform’s founder and CEO Seth Zhang said AI can help insurance companies boost their efficiency, but achieving consistent accuracy is a key obstacle By Doug Young…
Fenbi takes defensive action after steep share slide
The provider of exam preparation services is making a series of share buybacks in a bid to bolster confidence, as its business faces mounting competitive pressure Key Takeaways: The company…
BRIEF: Fibocom to raise up to $373 million in Hong Kong IPO
Wireless communication module maker Fibocom Wireless Inc. (0638.HK, 300638.SZ) launched its Hong Kong IPO on Tuesday, aiming to sell 135 million shares for HK$19.88 to HK$21.50 each to raise up…
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…
