China’s largest model developer by revenue plans to raise 15 billion yuan through a secondary listing on Shanghai’s STAR Market, less than six months after its blockbuster Hong Kong debut

The Hong Kong-listed startup plans a STAR Market listing after a 400% stock rally, even as mounting compute costs and fierce competition deepen pressure on profitability

China’s largest model developer by revenue plans to raise 15 billion yuan through a secondary listing on Shanghai’s STAR Market, less than six months after its blockbuster Hong…