Jiushi Intelligent plans Hong Kong IPO

According to people familiar with the matter, Jiushi Intelligent is preparing for an IPO on the Hong Kong stock market at a valuation of US$1.5 billion. Last year, Jiushi had a revenue of about RMB 100 million and was generally profitable. Jiushi Intelligent's unmanned vehicle is defined as a special equipment, which is less difficult to implement than "L4 autonomous driving".