California
overcast clouds
23.6 ° C
24.8 °
22.6 °
96 %
2.1kmh
100 %
Sat
31 °
Sun
35 °
Mon
37 °
Tue
36 °
Wed
36 °
California
overcast clouds
23.6 ° C
24.8 °
22.6 °
96 %
2.1kmh
100 %
Sat
31 °
Sun
35 °
Mon
37 °
Tue
36 °
Wed
36 °
Saturday, July 13, 2024

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Chinese AI firm 4Paradigm renews IPO files, seeks Hong Kong listing · TechNode


Chinese AI firm 4Paradigm renewed its IPO files on Monday as it seeks to go public on the Hong Kong stock exchange. The firm first filed for a listing in Hong Kong in August 2021, aiming to raise RMB 3.79 billion ($550 million). It has since renewed its files twice, making this latest attempt the company’s third in just over a year. The latest IPO filings reveal that 4Paradigm earned RMB 2.02 billion last year, marking 114% annual growth. Founded in 2014, 4Paradigm is an enterprise AI service provider. According to its official website, the firm completed its Series D in January 2021, raising $700 million. [Sina, in Chinese]

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