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01.AI Plans Hong Kong IPO in 2027, Kai-Fu Lee Reveals Pre-IPO Funding Round

Published: Source: ithome.com (RSS)

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01.AI plans to go public in Hong Kong in 2027 and will seek Pre-IPO funding during its first annual performance disclosure. Founded in 2023, the AI startup reached a valuation of over $1 billion within eight months, with investors including Alibaba Cloud. The company has shifted from developing cutting-edge large language models to building enterprise AI infrastructure, and currently generates about half of its revenue from markets outside China.

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