Shanghai

Sources: Chinese chip designer Montage, a Shanghai-listed company valued at ~$22B, plans a Hong Kong IPO that could raise $900M+, backed by Alibaba and JPMorgan

Chinese chip designer Montage Technology Co. is set to enlist Alibaba Group Holding Ltd. and JPMorgan Asset Management among …

Sources: Shanghai-based AI startup MiniMax plans to price its Hong Kong IPO at ~$21, the top of its marketed range, and will stop taking orders a day early

AI chipmaker Moore Threads jumped 425% in its Shanghai debut after raising $1.13B, marking the biggest first-day gain for a major Chinese IPO since 2019 reforms

Bloomberg :

Shanghai-based, US-listed lidar maker Hesai jumped 7.7% in its Hong Kong debut, giving the company a ~$4.5B market cap after raising ~$514M from the IPO

Nikkei Asia :

Filing: Shanghai-based, US-listed lidar maker Hesai aims to raise ~$497M in its Hong Kong IPO, offering 17M shares at up to $29.25 each, amid US delisting risks

Dave Sebastian / Bloomberg :

A look at Shanghai municipal government-backed SpaceSail, a satellite internet company that has launched ~90 satellites so far and plans to have 15,000 by 2030

Lam Le / Rest of World :

Shanghai-based satellite company SpaceSail plans to offer internet in Brazil in 2026, after launching its first 18 satellites in August and 18 more in September

Daniel Carvalho / Bloomberg :

Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba

Bloomberg :

Some Chinese investors are using creative methods to own bitcoin and other crypto that they believe are safer than China's crumbling stock and property markets

Dylan Run, a Shanghai-based finance sector executive, started moving a bit of his money into cryptocurrencies in early 2023 …

Shanghai-based AI chipmaker Enflame raised a ~$273.7M Series D from state capital operator Shanghai International Group's funds, Tencent, Meitu, and others

DealStreetAsia :