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11.07.25 - 12:00
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Shougang Lanzatech delays Hong Kong IPO again due to dispute with JV partner (SCMP)
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Beijing Shougang Lanzatech Technology on Friday said it will again delay its Hong Kong initial public offering and did not provide a new timetable due to a dispute with a joint venture (JV) partner.
The company, which built the world's first large-scale industrial fermentation facility in 2018 that used exhaust gases from steel mills to make ethanol and microbial protein, was scheduled to announce the final subscription price for its shares on Tuesday. On Monday, it postponed it by a week.
“As a......
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11.07.25 - 04:06
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Meituan fuels embodied AI ambitions while robot IPOs hit Hong Kong despite losses (Digitimes)
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Meituan has made another move in the robotics sector, investing US$100 million in Galaxea AI, its second major robotics deal in two months following a stake in Independent Variable Robot Technology (Jinan) Co., according to Yicai. The investment underscores Meituan's deepening commitment to embodied intelligence amid a broader robotics market challenged by slowing funding, mounting losses, and heightened competition....
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