China Digest: AInnovation raises $154m in IPO; Country Style Cooking, Tuhu eye HK listings

China Digest: AInnovation raises $154m in IPO; Country Style Cooking, Tuhu eye HK listings

Hong Kong. Photo by Shuja Official on Unsplash

Hong Kong has become an increasingly attractive location for public listings of Chinese companies with the recent market debut of AInnovation and planned stock offerings by two other domestic companies.

SoftBank-backed AInnovation raises $154m in HK IPO

Qingdao AInnovation Technology Group, a Chinese artificial intelligence firm jointly held by Japan’s SoftBank Group Corp, was trading below the listing price in the four days following its HK$1.2-billion ($153.9 million) initial public offering (IPO) in Hong Kong.

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