By Scott Murdoch SYDNEY (Reuters) -Chinese autonomous driving firm Horizon Robotics is aiming to raise up to $696 million in a Hong Kong initial public offering, as the city's listings market shows signs of renewed activity after a nearly two-year slump.

Alibaba (NYSE:BABA) and Baidu (NASDAQ:BIDU) have emerged as cornerstone investors in Hong Kong's upcoming initial public offering of Horizon Robotics, a Chinese company specializing in autonomous driving technology,

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,

Horizon Robotics, a prominent player in the realm of autonomous driving technology, has announced its intention to secure up to $696 million through an initial public offering (IPO) in Hong Kong. This move comes as the city’s capital markets begin to exhibit signs of revitalization following a prolonged period of inactivity lasting nearly two