51WORLD Updates IPO Prospectus: Hong Kong’s Chapter 18C May Welcome Another AI Listing Candidate; Company Receives CSRC Filing Approval
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Digital-twin technology leader 51WORLD has updated its IPO prospectus as it advances toward a Hong Kong Chapter 18C listing, backed by strong growth, solid financing, and new regulatory approvals.
On December 2, 2025, Beijing 51World Digital Twin Technology Co., Ltd. (51WORLD) updated its IPO prospectus, continuing to advance its planned listing on the Hong Kong Stock Exchange (HKEX) under the Chapter 18C regime. China International Capital Corporation (CICC) and Huatai International are acting as joint sponsors. Earlier, on November 28, the company obtained the China Securities Regulatory Commission’s filing notice for overseas issuance and for the “full circulation” of its domestic unlisted shares—meeting the key prerequisites for entering the HKEX listing hearing stage.
Founded in 2015, 51WORLD focuses on 3D graphics, simulation technologies, and artificial intelligence, with three core business segments. According to industry data, the company is a leading player in China’s digital-twin industry. It ranked first nationwide in both revenue and cumulative financing in 2024, becoming the first in the sector to surpass USD 35 million in annual revenue and the only provider offering a full-stack digital-twin solution.
On the technology side, 51WORLD has built a strong foundation in spatial intelligence and embodied intelligence. Through its interactive platform and simulation technologies, it supports scenario digitization and real-world deployment of robotics.
Financially, the company recorded revenues of approximately USD 23.8 million, USD 36 million, and USD 40.2 million from 2022 to 2024. In the first half of 2025, revenue grew 63.6% year-on-year to about USD 7.51 million. Shareholding disclosures show that the top three institutional investors have clear positions prior to the IPO, and 51WORLD reached a valuation of USD 612 million following its Series F financing in June 2024. Proceeds from the IPO will primarily go toward R&D, global marketing expansion, and general working capital.
