New Stock News | It is rumored that Xinghai Map plans to go public in Hong Kong with a target fundraising of $500 million.

According to the Finance and Economics APP, mainland humanoid robot company Galaxea AI plans to list in Hong Kong this year with a target fundraising of $500 million (approximately HK$3.9 billion). In early April of this year, Galaxea AI announced that after completing nearly 1 billion RMB in Series B financing last year, they have now received about 2 billion RMB in Series B+ financing, with a company valuation exceeding 20 billion RMB. Galaxea AI's shareholder lineup is strong, including Ant Group, Hillhouse Capital, IDG Capital, Baidu, Tongcheng Venture Capital, Meituan, Meituan Dragon Ball, today Capital, MiHaYou, and Wuxi Venture Capital, among many other institutions.