Zhipu AI launches a share sale to raise ~$560M in a Hong Kong IPO at a valuation of ~$6.6B, which would make it the first LLM developer listed in Hong Kong
The company, marketed overseas as Z.ai, eyes US$6.6 billion valuation with Hong Kong's first large language model listing
Filing: HashKey, Hong Kong's largest licensed crypto exchange, is aiming to raise up to ~$215M in its IPO in the city
Kumar Tanishk / Reuters :
Hong Kong-based XanPool, a cross-border payments infrastructure provider for both crypto and fiat currencies, raised $41M in Q2 2022 at a $400M valuation
Plans to Expand Across Europe, Latin America Miguel Cordon / Tech in Asia : Hong Kong's XanPool hits $400m valuation after raising $41m in 2022 Stephanie Li / DealStreetAsia : Hong Kong's Xanpool notc...
Sources: Hong Kong's on-demand logistics and delivery firm Lalamove has filed confidentially for a US IPO, looking to raise at least $1B
- Logistics firm has filed confidentially for U.S. share sale — Lalamove was raising funds at $8 billion valuation last year
Shares of Kuaishou jumped 161% in its Hong Kong debut, valuing the company at $159B, after the main rival of ByteDance in China raised $5.4B in an IPO
Hello and welcome to Pipeline! This week: how to open up venture investing … Arjun Kharpal / CNBC : Tiktok rival Kuaishou surges 160% in $5.3 billion Hong Kong debut Pdraig Belton / Light Reading : K...
Xiaomi CEO Lei Jun has reportedly backed 300+ companies via his VC firm Shunwei Capital and as an angel investor, while Xiaomi invested in 157 firms
India's top mobile browser. Hong Kong's Uber for logistics. China's second-largest bike-sharing service.
Sources: Ping An Good Doctor, a Chinese online healthcare platform, raises $1.1B in Hong Kong's biggest IPO this year
Emma Dunkley / Financial Times :
Hong Kong's PCCW raises $110M for 18% stake in its video and music streaming unit from Hony Capital, Foxconn, and Temasek
This week seems to be a good one for media streaming companies in Asia. Hot on the heels of Malaysia-based Iflix raising $133 million for its Netflix-like service …
UK-based digital wealth management startup Nutmeg raises £30M led by Hong Kong's largest independent financial advisory firm, Convoy
Oscar Williams-Grut / Business Insider :
Hong Kong's Tink Labs raises $125M from Foxconn's FIH Mobile, Sinovation Ventures, and Meitu's chairman for its free-to-use smartphone service for hotel guests
Wednesday, September 28