Destone Acquisition, a special purpose acquisition company (SPAC) with backing from Wang Shi, the founder of major Chinese property developer Vanke, on April 8 formally submitted an application for listing on the HKEx.
Reports surfaced Thursday that self-driving startup Pony.ai is to suspend plans to go public in the US at a valuation of $12 billion. Pony.ai responded to Sina Technology that it has not yet confirmed the listing plan or schedule.
EV manufacturer Faraday Future has agreed to go public through a merger with the Property Solutions Acquisition Corp (PSAC) with the combined entity valued at $3.4 billion.
Chinese co-working space provider Ucommune Thursday announced the withdrawal of its initial public offering plan from the New York Stock Exchange where it originally filed in December 2019.