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AI firm Yitu considers shifting initial public offering to Hong Kong as fundraising stalls on Shanghai Star market

China’s cash-starved AI firms, often burdened with heavy research and development expenses, are turning to public markets for funding even as Beijing’s scrutiny over tech IPOs increases. ....

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Chinese carmaker Geely scraps US$3 billion secondary listing on Shanghai's Nasdaq-like Star Market

Geely Automobile Holdings, China’s largest private carmaker and owner of Volvo Cars, has decided to scrap a secondary listing on Star Market, the Shanghai Stock Exchange’s Nasdaq-like board for start-ups, it said on Friday. ....

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