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A Beijing-based AI solutions provider is set to establish its global headquarters in Hong Kong and plans to hold an initial public offering (IPO) in the city. Financial Secretary Paul Chan confirmed that the company, AICT, aims to raise approximately US$200 million through this IPO. This move is part of a broader strategy to attract innovative enterprises to Hong Kong, enhancing the local economy and technology landscape.
In addition to the IPO, AICT will also set up a global research and development center in Hong Kong. This expansion is expected to facilitate the company's growth into international markets, showcasing Hong Kong as a hub for technology and innovation. The commitment to innovation and technology-based strategies reflects a significant trend in the region's economic development.
• AICT plans to raise US$200 million through an IPO in Hong Kong.
• The company aims to establish a global R&D center in Hong Kong.
AI refers to the simulation of human intelligence in machines, which is central to AICT's business.
An IPO is the process through which a private company offers shares to the public for the first time, as AICT plans to do.
R&D involves innovative activities aimed at developing new products or services, which AICT will establish in Hong Kong.
AICT is a Beijing-based AI solutions provider planning to expand its operations and establish a headquarters in Hong Kong.
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