Chinese AI start-up ModelBest has kicked off its pre-initial public offering (IPO) tutoring process for a listing in mainland China, capitalising on growing demand for compact artificial intelligence models that run locally on devices like smartphones and laptops, and in cars.<\/p>\n
The four-year-old company also appears to be banking on its small-model strategy to overcome China\u2019s acute shortage of advanced American computing chips by training lightweight systems optimised for domestic processors.<\/p>\n
ModelBest hired Citic Securities to guide its pre-listing preparation, Citic said in a filing to China\u2019s securities regulator on Wednesday. ModelBest has not disclosed its targeted fundraising size, timeline or where it plans to list.<\/p>\n
The mandatory tutoring process takes at least three months \u2013 potentially paving the way for an IPO next year.<\/p>\n
Before a company can formally submit an IPO application on the mainland, a licensed sponsor \u2013 usually a securities firm or an investment bank \u2013 guides it through a structured programme focused on bringing the company up to listing standards in areas including corporate governance, risk management, audit readiness and information disclosure practices.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese AI start-up ModelBest has kicked off its pre-initial public offering (IPO) tutoring process for a listing in…\n","protected":false},"author":2,"featured_media":137037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[67817,24,2818,319,934,25,67820,387,33027,933,657,1123,67821,67818,13894,67819],"class_list":["post-137036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-afm-core","tag-ai","tag-alibaba-group-holding","tag-apple","tag-artificial-analysis","tag-artificial-intelligence","tag-changan-automobile","tag-china","tag-citic-securities","tag-huawei-technologies","tag-intel","tag-meta-platforms","tag-modelbest","tag-saic-motor","tag-samsung-electronics","tag-shanghai-mejoy-capital"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/137036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=137036"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/137036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/137037"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=137036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=137036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=137036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}