Chinese spatial design firm Manycore Tech files for IPO in Hong Kong

Quick Summary:

Manycore and DeepSeek are part of a group of start-ups, called Six Little Dragons’, that have bolstered the tech-hub status of Hangzhou.

Founded in 2011 by three Chinese graduates of the University of Illinois Urbana-Champaign, Manycore has raised funds from major investment firms including IDG Capital, Hillhouse Investment and Coatue Management, Manycore’s valuation reached US$2 billion after a funding round in 2020, according to furnishing industrial media 77d.

A Bloomberg report last year said the company was eyeing US$200 million as potential proceeds.

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Article Details

Author / Journalist: Coco Feng

Category: Technology

Markets: Hong KongChina

Topics: Company Platform World’s Manycore Three Hong Design Chinese Largest Spatial Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-15 @ 19:16:41 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 264 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26168344

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