Dec. 6 at 3:33 AM
$BABA $BIDU. 200$ 300$. CN only bring out real bazooka when bullied and threatened. There’s is a lot global not aware of CN real capability. Xi a lot smarter humble and speak gently and much clarity.
Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, jumped 425% in its Shanghai trading debut after raising 8 billion yuan (
$1.13 billion), marking the biggest first-day pop for a major IPO since China's 2019 reforms.
The initial public offering drew strong investor interest, with the retail portion oversubscribed some 2,750 times even after a clawback. Its debut doubled that of Semiconductor
Manufacturing International Corp.'s 202% surge in 2020 to secure the top spot among IPOs larger than
$1 billion.
Moore Threads' listing comes as optimism over China's drive for tech self-sufficiency intensifies,
fueled by trade tensions and fears of US technology curbs. Earlier this year, regulators eased listing rules for unprofitable firms on the Shanghai bourse
