RoboSense Technology IPO to debut in Hong Kong in 2024

RoboSense Technology IPO to debut in Hong Kong in 2024

Alibaba backed shares RoboSense Technology The first new listing on the Hong Kong Stock Exchange this year fell 2% early Friday. RoboSense, a Chinese developer of laser imaging, detection and ranging (LiDAR) sensors for self-driving cars, announced january That it had raised HK$985.12 million ($126.14 million) in its IPO by offering 22.9 million shares at […]

Alibaba, Tencent also among investors in China’s OpenAI rival Zipu

Alibaba, Tencent also among investors in China’s OpenAI rival Zipu

Zipu has raised more than 2.5 billion Chinese yuan ($341 million) this year from backers including tech giants Alibaba and Baidu. Zipu is one of China’s promising start-ups building AI models, and hopes to become the country’s answer to US firm OpenAI. Zipu’s statement about its investors comes at a time when the technology battle […]

Former Starbucks CEO Howard Schultz resigns from board

Former Starbucks CEO Howard Schultz resigns from board

Starbucks Chairman and CEO Howard Schultz speaks at the annual meeting of shareholders on March 22, 2017 in Seattle, Washington. Jason Redmond | AFP | getty images East starbucks CEO Howard Schultz is resigning from the coffee chain’s board. the company said Wednesday. “I look forward to supporting the next generation of leaders to lead […]

Hedge funds bought these Chinese technology stocks in the second quarter

Recent regulatory filings suggest that large investors took a selective stance towards China-based technology stocks in the second quarter. The bullish trend in technology stocks continued during the second quarter, including a number of China-based technology losses in 2022. Earlier this year, the country fully reopened its borders to foreign tourists for the first time […]