| Mobile Web

Search results for Shanghai Stock Exchange

AI & Enterprise

DeepSeek taps first CFO ahead of IPO to step up low-cost AI push

DeepSeek is moving to appoint its first chief financial officer ahead of an initial public offering, as it accelerates fundraising and listing preparations. It is considering Yen Wen-tao of GL Ventures, part of Hillhouse Investment, for the role. DeepSeek has widened market share with low-cost, high-performance models but needs significant funding for chips, computing infrastructure and talent. It has selected underwriters including CITIC Securities and is said to be targeting Shanghai’s STAR Market, alongside pre-IPO fundraising.

AI & Enterprise

DeepSeek pushes for Shanghai STAR Market listing, plans to start process this year

Chinese AI startup DeepSeek is preparing to list on the Shanghai Stock Exchange\'s STAR Market and has hired CITIC Securities as an adviser, Reuters reported on Sept. 9, citing two sources. DeepSeek plans to begin an IPO process this year, the report said. The timing, fundraising target and valuation have not been decided, sources said. Reuters previously reported DeepSeek was seeking investment at a valuation of 500 billion yuan, or $75 billion.

Industry

Unitree shares slide 45% from post-IPO peak after 460% debut surge, raising robot bubble alarm

Shares of China’s humanoid robot maker Unitree fell nearly 45% from their post-listing high after surging 460% on the first day of trading, stoking worries that enthusiasm for AI and robotics is running ahead of earnings and demand. The stock’s swings drew scrutiny of China’s IPO pricing structure and market mechanics. Unitree posted 2025 revenue of 1.699 billion yuan, while adjusted net profit fell in early 2026.