Netease, a Chinese mobile games company listed on Nasdaq, is following in the footsteps of Alibaba with a secondary share offering in Hong Kong that’s expected to raise between $2 billion to $3 billion. Tech companies are still eyeing Hong Kong despite the territory’s unrest as the U.S. seems increasingly hostile to Chinese firms. New York-listed Alibaba listed shares in Hong Kong last year...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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