AI TRENDS | Yunxi Technology Files Confidential IPO Application In Hong Kong

Mainland artificial intelligence company Yunxi Technology has filed a confidential listing application with the Hong Kong Stock Exchange (00388) and is targeting a debut by the end of this year, according to ETNet. The company, founded in 2016, provides enterprise AI application solutions and has been recognised as a national-level specialised and sophisticated "little giant" enterprise. Its core product is xGOS.AI, an enterprise operations super-intelligent agent. Yunxi Technology previously raised several hundred million dollars through private funds, implying a valuation of about RMB 10 billion. Its shareholders include Sequoia China, Tencent Investment, Yunfeng Capital, Kylin Capital, CICC Jiatai Fund, Yuanhe Yuanzhong, Xianghe Capital and Ginkgo Valley Capital.