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Tencent-backed AI firm QuantumPharm's Hong Kong IPO is first to use year-old listing regime for pre-revenue tech outfits

The company, also known as XtalPi, aims to raise up to HK$1.13 billion (US$144.5 million) in an IPO from Tuesday, as its chairman hopes its listing will encourage more companies to use the new Chapter 18C rule. ....

Hong Kong , Wen Shu Hao , China Everbright Securities International , Massachusetts Institute Of Technology , Softbank Group , China Everbright Securities , Massachusetts Institute ,

Shield tunneling machine launched in Guangdong province

The "Kunpeng" shield tunneling machine, jointly developed by China Railway 11th Bureau Group and China Railway Construction Heavy Industry Co Ltd, was successfully launched at the construction site for the Shenzhen - Dongguan tunnel west section of Shenzhen - Jiangmen Railway, Guangdong province, on May 30. ....

China Railway , Jiangmen Railway , Bureau Group , China Railway Construction Heavy Industry Co Ltd , South China , Nansha Free Trade Zone ,