Chinese AI Firm Rises in Hong Kong Debut While Hospital Software Maker Sinks

Shares in Chinese hospital software firm Neusoft Xikang plunged 43% in Hong Kong trading debut on Thursday
Neusoft Xikang raised $81.5 million in its IPO but priced at bottom of range due to weak demand
In contrast, Chinese AI firm Beijing Fourth Paradigm rose nearly 17% in its Hong Kong debut
Beijing Fourth Paradigm raised $151 million in its IPO despite being on US entity list
Retail demand was stronger for Beijing Fourth Paradigm than Neusoft Xikang based on IPO filings

reuters.com

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9/11/2023

Alibaba Shares Drop as Former CEO Zhang Departs Cloud Unit After Handing Over Group CEO Role

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