Second ‘red-chip’ approved by Beijing for a Hong Kong listing this year aims to invest proceeds in research and development, robotaxi push.

The IPO comes as Chinese technology firms are returning to public markets, helped by investor demand for companies tied to AI, chips and automation. Beijing has also pushed…

Momenta Global launches its Hong Kong IPO targeting $751M, backed by Mercedes-Benz and BlackRock, to fund autonomous driving R&D and Robotaxi expansion.