Horizon’s lead grows in smart driving race with new product rollouts
The provider of advanced driver assistance systems (ADAS) and autonomous driving (AD) technology said its revenue rose 53.6% last year Key Takeaways: Horizon Robotics’ revenue rose 53.6% last year, as…
BRIEF: Tech stocks shine in Hang Seng Composite review, consumer and pharma lag
Hong Kong’s benchmark Hang Seng Index (HSI) remained unchanged at 83 constituents in the compiler’s latest adjustments, while the Hang Seng Composite Index’s (HSCI) constituents dropped from 517 to 505…
Black Sesame emerges as dark horse in driving technology race
The smart car technology maker’s shares are down since their trading debut last August, lagging strong gains for other recently listed peers Key Takeaways: Black Sesame’s revenue rose about 52%…
Fortior hopes to ride China chip wave to high valuation
The maker of microchips used in BLDC motors has filed for a Hong Kong IPO that could raise several hundred million dollars Key Takeaways: Fortior has becoming the latest Chinese…
Two Autonomous Driving IPOs, and Alibaba Sheds a ‘New Retail’ Asset
Horizon Robotics and WeRide have raised more than $1 billion combined in their IPOs in Hong Kong and New York. And Alibaba looks to sell its RT-Mart hypermarket chain.
BRIEF: WeRide raises $440 million in Nasdaq IPO
Shares of Robotaxi operator WeRide Inc. (WRD.US) rose 6.8% in their trading debut on Friday, as the company raised $440.5 million in one of the biggest New York IPOs by…
Horizon Robotics debuts strongly, fueled by autonomous driving boom
The autonomous driving technology company will use proceeds from its IPO to capture market opportunities to further drive its revenue and margin growth Key Takeaways: Horizon Robotics raised HK$5.41 billion…
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