Archive · 8 Jan 2026
Chinese AI, chip firms surge on Hong Kong debut
Three Chinese technology companies had their first day of trading on the Hong Kong stock market.
They raised a lot of money, about $1.19 billion in total.
These companies work with artificial intelligence, computer chips, and medical robots.
They started trading higher than their initial prices.
The Chinese government is supporting these companies to help them grow and compete with technology from the United States.
The money raised will be used for research and development, and to make their products better.
This is part of a bigger plan to make China a leader in technology.
Three Chinese tech firms debuted on the Hong Kong stock market, raising a combined $1.19 billion.
Zhipu AI, an AI company, opened 3.3% higher than its offer price and traded around HK$126.00.
Shanghai Iluvatar CoreX, a semiconductor firm, started 31.6% higher and traded around HK$162.50.
Shenzhen Edge Medical, a surgical robotics company, jumped 36.4% above its offer price and traded around HK$56.00.
The funds raised will be used for research and development, and to strengthen domestic alternatives to U.S. technology.
- Who
- Zhipu AI, Shanghai Iluvatar CoreX, Shenzhen Edge Medical
- What
- Successful IPO debuts in Hong Kong
- When
- Thursday
- Where
- Hong Kong
- Why
- To raise capital for R&D and expansion, and to compete with U.S. technology
- Companies
- Zhipu AI, Shanghai Iluvatar CoreX, Shenzhen Edge Medical
- Total funds raised
- $1.19 billion
- Zhipu AI's valuation
- Near HK$51 billion
- Shanghai Iluvatar CoreX's valuation
- Near HK$36.8 billion
- Shenzhen Edge Medical's funds raised
- About HK$1.12 billion
- Zhipu AI's opening price
- HK$126.00
- Shanghai Iluvatar CoreX's opening price
- Around HK$162.50
- Shenzhen Edge Medical's opening price
- Around HK$56.00