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,…
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…
BRIEF: China Approves WeRide’s Nasdaq IPO Application
China’s securities regulator approved an application for a U.S. IPO by robotaxi operator WeRide Inc., paving the way for the company to raise up to $400 million in one of…
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