Cash-Hungry Chinese AI Firms Rush To IPO, But Regulators Are Skeptical
Total1 Chinese AI companies are in need of new capital infusions. Because they raised capital at sky high valuations during the past from private investors, raising money via an IPO is a more practical option now. But they are finding securing an IPO isn’t going as smoothy as they hope. On the evening of February 19, the Shanghai Stock Exchange announced that it would terminate the review of Chinese AI firm Unisound’s listing applications on the Science and Technology Innovation Board. It is the first AI company whose listing has been denied by regulators this year. There is no official e...
Source: chinamoneynetwork.com