DeepSeek boosts AI momentum in China as Biren Technology eyes Hong Kong IPO

Reports indicate that Chinese AI chip manufacturer Biren Technology is considering an initial public offering in Hong Kong with a target of raising US$300 million. The company is currently in discussions with China International Capital Corporation, Bank of China International, and Ping An Securities, aiming for a potential listing in 2025. However, details regarding the scale and timing may still change, and there is even a possibility that the company might ultimately decide against the IPO.

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