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Beijing Fourth Paradigm Technology, an AI startup, has completed the procedural work for its IPO on the Hong Kong Stock Exchange and has obtained approval from the China Securities Regulatory Commission, according to an announcement on the official website of the China Securities Regulatory Commission.According to the regulatory documents, investors in Fourth Paradigm include Goldman Sachs, Innovation Works, Tencent, and others. CICC, CCB International, CMB Securities, and CMB International are the joint sponsors for this IPO.Fourth Paradigm (4Paradigm) submitted its fourth IPO application to the Hong Kong Stock Exchange in April this year and received approval from the China Securities Regulatory Commission on July 3rd.Fourth Paradigm was founded in September 2014. Its main product is an end-to-end AI solution called Prophet Platform, which enables enterprises to achieve rapid and scalable deployment. Currently, Fourth Paradigm s products have been widely applied in various industries

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