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Chinese AI Firms Chase IPOs Amid Hong Kong Funding Surge

12/19/2025

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Summary

Story summary

Chinese AI and chip firms seek funding in Hong Kong after GPU debuts including Moore Threads Technology.
GigaDevice Semiconductor is nearing Hong Kong IPO after a listing hearing and plans to reactivate its application.
MiniMax and Zhipu AI are pursuing listings to broaden their investor base and fund R&D.
Analysts say Hong Kong valuations attract listings, with GigaDevice and Montage seeking up to $1 billion and Biren Technology $600 million.

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Story summary

Chinese AI and chip firms seek funding in Hong Kong after GPU debuts including Moore Threads Technology.
GigaDevice Semiconductor is nearing Hong Kong IPO after a listing hearing and plans to reactivate its application.
MiniMax and Zhipu AI are pursuing listings to broaden their investor base and fund R&D.
Analysts say Hong Kong valuations attract listings, with GigaDevice and Montage seeking up to $1 billion and Biren Technology $600 million.