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The recent decline in venture capital (VC) investment in China has far-reaching consequences, not only for the startup ecosystem but also for the broader Chinese economy. Once a vibrant hub for entrepreneurial activity, China’s startup scene is now facing significant challenges as VC funding drops to its lowest levels in years. The decline in capital […]
On November 15, China’s autonomous driving startup Pony.ai submitted its red herring prospectus and launched its IPO. It will be listed on Nasdaq under the stock code “PONY” and potentially become the world’s first publicly traded robotaxi company. Pony.ai plans to offer 15 million American Depositary Shares (ADS), priced between $11 and $13 per share, […]