Tech Brief (Oct. 27): Huawei EV Partner Seres Unveils Hong Kong IPO Plan
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Huawei EV partner Seres unveils Hong Kong IPO plan
Seres Group Co. Ltd., an electric vehicle partner of Huawei Technologies Co. Ltd., announced in a Hong Kong Stock Exchange filing on Oct. 27 that it plans to globally issue 100.2 million H-shares for its listing in the city. The final number is subject to an overallotment option. The offer price will not exceed HK$131.50 ($16.85) per share, and trading is expected to begin on Nov. 5.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- Seres Group, Huawei’s EV partner, plans to issue 100.2 million H-shares in a Hong Kong IPO, with trading set for November 5.
- Chinese GPU maker MetaX received approval for a STAR Market IPO, aiming to raise 3.9 billion yuan ($548 million) for R&D.
- Tencent reports over 90% of its engineers use AI for coding, generating 50% of new code and boosting R&D efficiency by over 20%.
AI generated, for reference only
Who’s Who
- Seres Group Co. Ltd.
- Seres Group Co. Ltd., an electric vehicle partner of Huawei Technologies Co. Ltd., is planning a Hong Kong IPO. It intends to issue 100.2 million H-shares, with an offer price not exceeding HK$131.50 per share. Trading is anticipated to commence on November 5.
- Huawei Technologies Co. Ltd.
- Huawei Technologies Co. Ltd. is an electric vehicle partner of Seres Group Co. Ltd. Seres announced plans for a Hong Kong IPO, issuing 100.2 million H-shares. The offer price will not exceed HK$131.50 per share, with trading expected to commence on November 5.
- MetaX Integrated Circuit Co. Ltd.
- MetaX Integrated Circuit Co. Ltd. (摩尔线程智能科技有限公司) is a Chinese graphics processing unit (GPU) developer. It has received approval for an IPO on Shanghai's STAR Market, aiming to raise 3.9 billion yuan ($548 million) for research and development of high-performance GPUs. The company is facing significant financial losses and navigating a complex U.S. sanctions environment.
- Tencent Holdings Ltd.
- Tencent Holdings Ltd. has seen significant integration of AI into its development processes. Over 90% of its engineers utilize CodeBuddy, an AI coding assistant. This has led to 50% of new code being AI-generated, boosting the company's overall research and development efficiency by more than 20%.
- Noetix Robotics
- Noetix Robotics (移柯机器人), a robotics startup, recently completed a pre-B financing round, raising nearly 300 million yuan ($42 million) led by F&G Venture. The company also unveiled its humanoid robot called Bumi, priced under 10,000 yuan, which is designed for home education.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新