Chenqi keeps racking up losses in congested China ride-hailing race
The shared economy platform bled more red ink last year, as its hyped robotaxi business fails to show any signs of breakthroughs Key Takeaways: Chenqi lost 564 million yuan in…
Two IPOs: One in Autonomous Driving and One in Gold
Robotaxi operator Pony.ai raised more than $400 million in its U.S. IPO. And jewelry store operator Mokingran raised a smaller $67 million in its Hong Kong listing By Doug Young…
BRIEF: Pony.ai drops 7.7% in Nasdaq debut
Shares of robotaxi operator Pony.ai (PONY.US) fell 7.7% in their Nasdaq trading debut on Wednesday, after the company raised $260 million by selling 20 million American depositary shares (ADS) priced…
BRIEF: Pony.ai to raise up to $200 million from U.S. listing
Robotaxi operator Pony AI Inc. (PONY.US) plans to sell 15 million American depositary shares (ADS) at a price range of $11 to $13 per ADS in its upcoming Nasdaq IPO,…
WeRide drives into Uber partnership, as U.S. listing plan idles
The robotaxi operator will offer its service to Uber users starting in the UAE, though the pair don’t plan to work together in the U.S. or China for now Key…
iMotion stuck with low margins as future hinges on self-developed systems
The autonomous driving company’s revenue grew significantly in the first half of the year, while its gross margins remain meager Key Takeaways: iMotion generated 640 million yuan in revenue in…
WeRide merges into crowded field of autonomous driving IPOs
The robobus and robotaxi maker hopes to win over investors with its early-mover status and autonomous driving permits for 30 cities in seven countries Key Takeaways: WeRide has filed for…
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