Chinese AI startup StepFun to unwind offshore structure to pave way for IPO, sources say

HONG KONG, April 13 (Reuters) – Chinese AI agent StepFun is unwinding its offshore incorporation structure to pave the way for a planned Hong Kong initial public offering, three sources said, ​as Beijing tightens scrutiny of a system widely used for overseas fundraising. China’s securities regulator said last month it had instructed some so-called “red-chip” […]

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