New Stock News | Enjoy Travel's Hong Kong IPO prospectus invalid
The Hong Kong IPO prospectus submitted by Daoxing Technology Co., Ltd. (Shanghai) on October 28, 2025, will expire in six months.
Shanghai Xiangdao Technology Co., Ltd. (referred to as Xiangdao) submitted its Hong Kong IPO prospectus on October 28, 2025, which was valid for 6 months and expired on April 28, 2026. At the time of submission, CICC and GUOTAI JUNAN I were its joint sponsors.
The prospectus shows that Xiangdao is a leading comprehensive smart mobility platform in China, providing services such as online car-hailing, vehicle rental, vehicle sales, and Robotaxi services, aiming to create a one-stop travel service platform covering individual travel, corporate travel, and future travel (Robotaxi services) with diverse scene needs.
According to a report by Frost & Sullivan, in 2024, Xiangdao ranked fifth among domestic online car-hailing platforms by Gross Transaction Value (GTV), and second in terms of completed orders on the online car-hailing platform in Shanghai. Additionally, in 2024, the company ranked second in the domestic corporate travel service industry by GTV.
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