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CXMT’s IPO raised $8.6 billion at 8.66 yuan per share, with shares surging 466% on debut, making it China’s highest valued listed firm and signaling strong investor appetite in the chip sector.
Beijing-based Moonshot AI's Kimi K3 model matches top U.S. AI capabilities at a significantly lower cost, signaling a shift in global AI leadership and market dynamics.
Chinese AI startup DeepSeek is reportedly preparing a massive $1.5 billion funding round at a $71 billion valuation, signaling strong investor appetite before a planned 2027 IPO.
Zhipu, a Chinese AI model developer, is preparing to raise approximately $4 billion in a share sale following a remarkable 1,500% stock rally since its January Hong Kong IPO.