Biren’s $717M Hong Kong IPO: China’s AI chip bet goes public
What Changed and Why It Matters Biren, a Shanghai AI chip designer, went public in Hong Kong after raising about $717 million. The stock priced at HK$19.60 and surged on…
Inside Korea’s startup diplomacy: betting on China to scale AI
What Changed and Why It Matters Korea is moving from AI ambition to AI scale. The country has stitched together compute, capital, and national champions. Now it’s testing a diplomatic…
Inside China’s AI exit playbook: HK IPOs rise, U.S. buyouts loom
What Changed and Why It Matters China’s AI founders are rewriting their exit routes. The U.S. IPO window is narrow. Hong Kong is reopening. Capital is rewarding revenue, not raw…