Moore Threads plans Hong Kong listing after 147% revenue jump to $252M
Moore Threads' board approved issuing H shares on Hong Kong's main board after first-half revenue rose 147% to 1.7 billion yuan ($252 million) and net loss narrowed to 11.6 million yuan from 271 million a year earlier. The near-breakeven is the real signal: domestic demand for home-grown compute is close to carrying a Chinese GPU designer's cost base, and the Beijing firm is raising offshore capital barely six months after its Shanghai STAR Market debut.
Source: scmp.com ↗
The company said its board had approved a plan to issue H shares and list on the main board of the Hong Kong stock exchange, a move designed to deepen the firm's "international strategic footprint", attract and retain talent, and "further enhance corporate governance and core com
Why this matters
- → Chinese GPU maker near profitability after massive revenue surge
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