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Zhipu Leads China’s ‘AI Tigers’ With Hong Kong IPO
Its listing marks a milestone for the country’s broader AI industry, which has been under pressure from tightening U.S. technology restrictions.
Three Chinese tech stocks gain in Hong Kong debuts as investors jump on AI, robotics
Chinese start-up Zhipu AI headlined a trio of technology new listings in Hong Kong on Thursday, in a key test of investor confidence in China’s AI industry as it goes head to head with US giants.
Baillie Gifford, GIC are said to buy shares in MiniMax’s HK$4.8 billion Hong Kong IPO
Shares of MiniMax, one of China’s largest generative AI startups that is seen as a challenger to OpenAI Read more at The Business Times.
Chinese OpenAI Challenger Zhipu’s IPO Mints New Billionaire
Zhipu, which operates a ChatGPT-like service called Z.ai, raised $558 million in the IPO. Its chairman, Liu Debing, amassed a fortune of $2.1 billion based on his stake in the Chinese AI model company ...
HSBC Wins Hang Seng Shareholder Backing for $14 Billion Buyout
Hang Seng Bank Ltd.’s minority shareholders backed a $14 billion buyout offer from parent HSBC Holdings Plc, supporting the UK lender’s move to double down on Hong Kong.
Hang Seng Bank shareholders approve HSBC’s $13.6 billion buyout proposal
HONG KONG, Jan 8 (Reuters) - Hang Seng Bank (0011.HK), opens new tab shareholders on Thursday approved a plan by its majority owner HSBC (HSBA.L), opens new tab to take the bank private, in a landmark ...
Hang Seng Bank shareholders back HSBC’s US$14 billion privatisation bid
HSBC, which already owns 63 per cent of Hang Seng Bank, received backing from 85.75 per cent of the independent shareholders.
Divided Hang Seng investors vote on HSBC buyout plan
Hang Seng Bank shareholders were divided over HSBC's buyout proposal as investors gathered on Thursday to vote on ...
Hang Seng Bank shareholders set to back HSBC’s privatisation plan amid bad debt concerns
HSBC, which already owns 63 per cent of Hang Seng Bank, requires backing from at least 75 per cent of independent shareholders Hong Kong's banking sector is set for a landmark transformation as ...
Hang Seng Bank shareholders set to back HSBC’s privatisation plan for Hong Kong lender
HSBC, which already owns 63 per cent of Hang Seng Bank, requires backing from at least 75 per cent of independent shareholders Hong Kong's banking sector is set for a landmark transformation as ...
China’s OpenAI rival Zhipu debuts in Hong Kong after US$558 mil IPO
Zhipu, founded in 2019 by researchers from China’s Tsinghua University, is celebrated as a pioneer in the nation’s AI industry. It is backed by Alibaba Group Holding Ltd., Tencent Holdings Ltd. and ...
Impending Changes to Hang Seng Index Constituents Following Hang Seng Bank Privatization
As the financial landscape continues to evolve, significant changes are on the horizon for the Hang Seng Index series, particularly due to the impending privatization of Hang Seng Bank (00011). This ...
Baidu AI Chip Unit Files for Hong Kong IPO, Targets Up to $2 Billion
Kunlunxin has hired major Chinese banks after confidentially filing for a Hong Kong listing, with deal size still under discussion.