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2026-07-20 12:56:46 01.ai, the mainland AI startup founded by venture capitalist entrepreneur and computer scientist Kai-Fu Lee, is advancing its pre-IPO financing plan ahead of a planned IPO in 2027, Bloomberg, citing sources, reported. 01.ai is seeking to conduct a pre-IPO financing round before listing on HKEX. Before becoming an entrepreneur and investor, Lee led Google's China operations. He aims to complete the financing round around the time 01.ai releases its first annual results. He has not elaborated on the fundraising target or potential investors. 01.ai is seeking to raise funds in Hong Kong to finance research and support the costly infrastructure required for AI services. He said the company is unwinding its offshore holding structure, a prerequisite for smoother overseas listing procedures. ~ AASTOCKS Financial News Website: www.aastocks.com | |