As Beijing appears to tighten rules on firms incorporated offshore being listed in Hong Kong, self-driving tech start-up Momenta gains IPO.

As Beijing appears to tighten rules on firms incorporated offshore being listed in Hong Kong, self-driving tech start-up Momenta gains IPO.

As Beijing appears to tighten rules on firms incorporated offshore being listed in Hong Kong, self-driving tech start-up Momenta gains IPO.

Chinese autonomous-driving firm Momenta Global is gauging investor interest for a Hong Kong IPO this week, targeting $1 billion at a $9 billion valuation.

Backed by automakers including GM, Toyota and Mercedes-Benz, the smart-driving startup is pitching overseas growth while Huawei faces geopolitical headwinds