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Chinese AI-Manufacturing Firm Microintelligence Opens 37-Million-Share Hong Kong Listing

The company is seeking up to USD 101.9 million through a dual-tranche offering targeting institutional and retail investors, with pricing at the top end set at HKD 21.46 per share.

By Wei Zhang·Oct 25, 2026·4 min read
Startups

Series A Fundraising Faces Market Froth and Looming Correction

Venture investors warn of inflated metrics and unusual term structures as founders navigate one of the most challenging fundraising environm…

Sofia M. Reyes ·   · 6m
Startups

Meta Unveils Non-Voting Share Class to Finance AI Expansion

The social media giant plans to issue dividend-distributed stock that preserves founder control while funding infrastructure, talent acquisi…

Arjun S. Mehta ·   · 6m
Startups

NextDC Loses $2.8 Billion in Market Value as Melbourne Power Dispute Halts AI Ambitions

Community opposition to electricity upgrades forces Australia's largest data centre operator to slash forecasts, exposing infrastructure bot…

Marcus Halloran ·   · 5m
Startups

Meta Bets Muse Will Outperform Facebook and Instagram in Per-User Revenue

The company's personal agent has attracted 10 million users in six weeks and is already shaping monetisation strategy across commerce, subsc…

Hana Park ·   · 5m
Startups

Tesla's Optimus Production Begins Amid 43% Profit Decline

The electric vehicle maker has repurposed Fremont factory space to manufacture humanoid robots, even as flat EV sales and AI investments squ…

Mei-Lin Tan ·   · 4m
Startups

Automattic Cuts Staff Across Core Teams as Leadership Crisis Deepens

The WordPress.com parent is trimming headcount in its platform and enterprise divisions after governance turmoil and C-suite exits, with fur…

Linh T. Pham ·   · 5m
Startups

Nvidia Bets on Sovereign AI and Industrial Orders to Broaden Customer Base

As Jensen Huang speaks in Berlin, the chipmaker's long-term valuation hinges on whether enterprise and government buyers can offset its reli…

Sofia M. Reyes ·   · 6m
Startups

Sequoia Backs Blacksmith to Unicorn Status as AI Code Testing Demand Surges

The continuous integration platform reached USD 1 billion valuation just eight weeks after its Series B, reflecting investor urgency around …

Priya Nair ·   · 8m
Startups

Anthropic Faces Capacity Crunch as Cloud Giants Turn Rival

The AI firm's leaked S-1 shows ballooning losses, strained hyperscaler ties, and an urgent search for compute outside the Big Three - even a…

Linh T. Pham ·   · 6m
Startups

China's Elite Security Researcher Yuki Chen Moves to AI Model Builder Z.ai

The appointment signals escalating industry attention on autonomous agent risks and AI-assisted cyber threats across Asia's tech landscape.…

Sofia M. Reyes ·   · 5m
Startups

Musk's Twin Giants Explore Combination as Governance Questions Mount

Independent board committees at Tesla and SpaceX are examining a potential merger, raising fresh questions about conflict management and the…

Marcus Halloran ·   · 8m
Startups

Nathan Chen Joins Discovery Loop After Moonshot Exit

The 19-year-old researcher's move to the Jeff Dean-backed startup signals a shift in how Silicon Valley is recruiting Chinese AI talent amid…

Wei Zhang ·   · 5m
Startups

Schmidt's Early Bet on Anthropic Could Net Him $20 Billion

The former Google chief executive invested tens of millions in 2021 at a $461 million valuation; his stake now rivals the CEO's as IPO looms…

Arjun S. Mehta ·   · 4m
Startups

Inspired Capital Secures $450 Million as East Coast Venture Firms Challenge Bay Area Dominance

The New York-based firm's fourth fund signals resilience in a market where 55 per cent of US venture commitments flowed to the Bay Area last…

Hana Park ·   · 4m
Startups

Chinese AI Models Cast Long Shadow Over Anthropic's IPO Ambitions

US research firm flags competitive pressure from Beijing's rapidly improving large language models as a central risk for the San Francisco s…

Mei-Lin Tan ·   · 5m
Startups

Salmon Group Raises USD 140 Million to Scale Lending Across the Philippines

The Manila-based fintech will deploy fresh capital into credit expansion and new product lines targeting motorcycle owners and MSMEs.…

Marcus Halloran ·   · 4m
Startups

CoreWeave's Distressed Bonds Signal Deeper Cracks in AI Infrastructure Financing

The GPU cloud provider's bond yields crossed a critical threshold last week, prompting questions about leverage across the sector and whethe…

Arjun S. Mehta ·   · 5m
Startups

India's Chemical Sector Looks Abroad to Meet Chip-Grade Standards

Domestic firms lack purification technology and customer access needed for semiconductor fabrication, driving a wave of international partne…

Linh T. Pham ·   · 5m
Startups

Anthropic and Nscale Eye Second $45 Billion Compute Agreement in Two Months

The AI foundation model maker continues its aggressive infrastructure spending spree despite investor concerns over capital intensity and pa…

Kenji Watanabe ·   · 4m
Startups

Tenstorrent Closes $1.5B Round at $6.2B Valuation, Betting on Open-Weight Inference

The chip startup, led by veteran engineer Jim Keller, spurned takeover interest and raised fresh capital to scale hardware optimised for Dee…

Marcus Halloran ·   · 6m
Startups

Replit Switches Default AI Partner to OpenAI, Shrinking Anthropic Footprint

The cloud coding platform's CEO cites performance and cost as Anthropic falls from top-five customer status, though Claude models remain acc…

Arjun S. Mehta ·   · 5m
Startups

Replit Drops Anthropic in Favour of OpenAI Partnership

The AI coding platform cites performance benchmarks and cost considerations behind the shift, though the timing and rationale raise question…

Arjun S. Mehta ·   · 6m
Startups

Benchmark Admits AI's Economics Are Breaking Venture's Non-Compete Norm

As software-building costs plummet, even storied early-stage partnerships are colliding, and Silicon Valley's most founder-loyal firm says c…

Marcus Halloran ·   · 6m
Startups

Anthropic Pledges 5 Per Cent of Equity to New Public Benefit Fund

The San Francisco AI lab will channel up to 12 per cent of its valuation into societal projects as the sector confronts a trust deficit…

Arjun S. Mehta ·   · 4m