BRIEF: 51World launches $94 million Hong Kong IPO
Digital twin technology company Beijing 51World Digital Twin Technology Co. Ltd. (6651.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24 million shares for HK$30.50 apiece to raise…
Foreign firms face China’s cutthroat competition, while AI threatens knowledge platform Zhihu
A new survey is showing foreign investors in China are most concerned about cutthroat competition from Chinese rivals rather than the traditional concerns over market access. What's behind this changing mindset? And Q&A knowledge-sharing site Zhihu is facing an existential challenge from AI. How can the company compete in the face of such a big threat?
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…
