Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, is aiming to raise as much as HK$5.4 billion ($696 million) in its Hong Kong initial public offering,

Hong Kong’s IPO market is experiencing a surge in activity, driven by Beijing’s stimulus measures and improved investor sentiment.

Alibaba (BABA) and Baidu (BIDU) have emerged as cornerstone investors in Hong Kong's upcoming IPO Horizon Robotics. Read more on the announcement here.

Alibaba and Baidu invest in Chinese smart driving tech company's IPO to raise $700 million on Hong Kong Stock Exchange. Top banks advising, 30% shares bought before IPO.Alibaba & Baidu invest in Chinese smart driving tech co.

Alibaba invests in Horizon Robotics' Hong Kong IPO. The Container Store, Beyond announce strategic partnership. Meta must face lawsuits saying it profited from youth social media addiction.

ALIBABA Group Holding and Baidu are among the cornerstone investors in the Hong Kong initial public offering of Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems,

Alibaba and search-engine giant Baidu are investing in a nearly $700.0 million equity offering by a Chinese smart-driving firm, indicating rising demand for assets in the rapidly growing market for autonomous driving.

Horizon Robotics plans to raise as much as 5.41 billion Hong Kong dollars ($696.6 million) in an initial public offering on the Hong Kong stock exchange.