Moore Threads Plans Hong Kong Listing After 420% Share Surge

2 articles · Updated · Bloomberg · Aug 9

Moore Threads said it aims to list in Hong Kong at an “appropriate time,” seeking a second market after its shares climbed more than 420% since the AI chipmaker’s Shanghai debut last year.
1.74 billion yuan in first-half revenue, up 147%, helped narrow its net loss to 11.6 million yuan from 270.9 million yuan a year earlier.
The Beijing-based company said the Hong Kong offering would support its internationalization strategy and help attract R&D and management talent.
The plan comes as Chinese AI chipmakers push to expand funding channels and hiring capacity amid rising demand for domestic semiconductor alternatives.