Model News
Moore Threads seeks a Hong Kong H-share listing after a 147% revenue jump
By Arjun
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12 Aug 10:10 AM
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Via South China Morning Post
Chinese GPU maker Moore Threads said its board approved a plan to issue H shares and list on Hong Kong's main board after first-half revenue rose 147% to 1.7 billion yuan. Net loss narrowed to 11.6 million yuan from 271 million yuan a year earlier, South China Morning Post reports. The Shanghai Star Market firm, often cast as a domestic Nvidia challenger, says a dual listing would deepen its international footprint and help retain talent. Timing remains unsettled pending approvals. The caveat is that a board plan is not a priced IPO, and export controls still shape how far Chinese AI chips can scale abroad.
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