Chinese AI firm Reconova Technologies plans HK IPO, backed by Intel Capital, raising $100 million.

From Yahoo Finance: 2025-06-26 01:42:00

Chinese AI company Reconova Technologies Co. plans Hong Kong IPO this year, potentially raising $100 million. The Xiamen-based firm, backed by Intel Capital Corp., Greenland Holdings Corp., and Citic Securities Co., specializes in visual perception technology like facial recognition for various industries. China’s focus on AI tech seen as competitive move against the US.

Read more: Intel Capital-Backed AI Firm Reconova Is Said to Plan HK IPO