China GPU maker Moore Threads plans Hong Kong listing after H1 revenue jumps 147%

Moore Threads, a Chinese GPU developer, said its board approved a plan to issue H shares and seek a listing on the Hong Kong Stock Exchange’s Main Board. The plan was approved on Aug. 7 and disclosed on Aug. 10, while the timetable and offering size have not been finalized. The company reported first-half revenue of RMB1.74 billion, up 147.42% year on year. Its net loss narrowed 95.73% to RMB11.6 million, while research and development spending reached RMB769.1 million. [Moore Threads, in Chinese] Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry.

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