New Stock News | It is reported that Cloud Exile Technology secretly submitted an IPO application to the Hong Kong Stock Exchange, aiming to go public by the end of the year.

According to reports cited by the media, Chinese artificial intelligence company Yunxi Technology has submitted a listing application to the Hong Kong Stock Exchange on a confidential basis, aiming to go public by the end of this year, although the specific timing and fundraising may change. Sources say that Yunxi Technology previously raised hundreds of millions of dollars through private funds, which would value the company at approximately 10 billion yuan. The companys official website states that Yunxi Technology was established in 2016 and is a provider of enterprise-level AI application solutions, recognized as a national "little giant" enterprise in specialized and innovative sectors, primarily focused on developing the xGOS.AI enterprise operational superintelligence. Yunxi Technology has received strategic investments from funds such as Sequoia China, Tencent Investment, Yunfeng Capital, Kaixin Capital, China International Capital Corporation Jiatai Fund, Yuanhe Zhongyuan, Xianghe Capital, and Ginkgo Valley Capital.