MANYCORE TECH

HANG YICK HLDGS

LINK HOLDINGS

EDA GROUP HLDGS

HING LEE (HK)

GLOBALSTRAT

CH FRONTIER TEC

HAO BAI INTL

TSE SUI LUEN

KIN SHING HLDGS

00068

TCEHY

00700

TCTZF

<p>Tencent-invested AI large model company StepFun plans to go public in Hong Kong, aiming to raise USD 500 million. The company completed a B+ round financing of over 5 billion RMB in January this year, with investors including Tencent. At the same time, four other mainland companies also plan to list in Hong Kong, collectively raising up to USD 700 million, among which cloud-native space design software provider Manycore Tech plans to raise USD 200 million to USD 300 million. Companies like Meige Intelligent and Chuangxiang Sanwei are also preparing for an IPO</p>

- Several AI companies are considering listings in Hong Kong, with StepFun aiming to raise $500 million following its recent B+ funding round of over 5 billion RMB.  
- Manycore Tech, a provider of spatial design software, plans to raise $200 to $300 million, focusing on Asian and U.S. markets, while interest grows around other firms like Meige Smart and Chuangxiang 3D.  
- Upcoming IPOs are expected to total up to $700 million, indicating a strong interest in the AI sector within the region.

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Tencent

TENCENT

Tencent Holdings Limited

Tencent invests in "AI Six Little Tigers" to leap to the stars, rumored to plan for a Hong Kong listing

- Quantum Technology, part of the "Hangzhou Six Dragons," has made significant progress towards its Hong Kong IPO, receiving a regulatory approval notice from the China Securities Regulatory Commission on February 13.  
- This is a year after its initial application was submitted, and predictions suggest it could become the first publicly listed company among the "Hangzhou Six Dragons" in 2026 if subsequent hearings proceed smoothly.  
- While Quantum Technology has developed various AI-focused platforms and achieved notable revenue of 399 million yuan in the first half of 2025, it remains unprofitable, indicating ongoing challenges in sustaining its business model.

Wallstreetcn

Qunhe Technology has obtained overseas filing, and the first listed company among the "Six Little Dragons of Hangzhou" is approaching

MANYCORE TECH(00068.HK)

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Tencent invests in "AI Six Little Tigers" to leap to the stars, rumored to plan for a Hong Kong listing

Qunhe Technology has obtained overseas filing, and the first listed company among the "Six Little Dragons of Hangzhou" is approaching