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<IPO>TENCENT-backed 'AI 6 Tigers' StepFun Plans HK Listing, Aiming to Raise ~US$500M: Wire
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StepFun, one of China's 'AI Six Tigers', is considering a Hong Kong listing, aiming to raise approx. US$500 million, according to foreign media. Sources noted that the Company has already discussed with potential advisors and may list as early as this year. StepFun is backed by TENCENT (00700.HK), and announced in January 2026 that it completed its Series B+ financing exceeding RMB5 billion. Participating institutions included China Life Private Equity and Xuhui Capital, with TENCENT also participating in the investment. AASTOCKS Financial News |
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