Chinese AI and Robotics Startups Race to Hong Kong IPOs as Valuations Soar

Chinese AI and robotics startups are racing to IPO in Hong Kong, leveraging a boom in listings to secure massive valuations despite escalating US trade tensions.

Evidence For

• Moonshot AI opens a pre-IPO financing round at a $50 billion valuation, driven by strong performance of its Kimi K3 model that outperforms US rivals.
• X Square Robot files confidentially for a Hong Kong IPO, joining a wave of domestic robot makers including AgiBot and Galbot.
• Hong Kong's...