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Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.

The Next Web - 9 hours 36 min ago
Kai-Fu Lee's 01.ai is raising a pre-IPO round ahead of a planned Hong Kong listing in 2027, the former Google China chief told Bloomberg at the World AI Conference in Shanghai. The company is unwinding its offshore holding structure, the same prerequisite that Moonshot dismantled in May to clear its own path to a Hong […] This story continues at The Next Web...
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The firm that wires AI data centres is chasing Hong Kong's biggest IPO since Alibaba.

The Next Web - 17 hours 22 min ago
One of the quiet winners of the AI boom is about to test the public markets. Zhongji Innolight, a Chinese maker of high-speed optical transceivers, has started gauging demand for a Hong Kong listing worth as much as $8bn. The Shenzhen-listed company won approval for the deal on Friday, Bloomberg reported. It began meeting analysts […] This story continues at The Next Web...
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