DeepSeek AI’s game-changing rise ignites a storm in Hong Kong’s IPO market. Long-dormant investor enthusiasm explodes as Chinese tech IPOs roar back.
In a stunning turn of events, Hong Kong’s IPO market is roaring back to life, fueled by a wave of AI euphoria ignited by China’s DeepSeek AI. Once paralyzed by geopolitical headwinds and regulatory crackdowns, investors are now flooding back, turning the city’s Exchange Square into a hotbed of IPO action.
The spark? DeepSeek’s bold claim in January that its model rivals OpenAI’s ChatGPT — at a lower cost — despite U.S. chip sanctions. That shockwave sent tech stocks surging and Hang Seng to a three-year high.
In Q1 2025 alone, 15 IPOs raised HKD 17.7 billion, a dramatic leap from just HKD 1 billion a year ago, according to KPMG.
🔥 High-profile players like Mixue and CATL are leading the charge, with more big names waiting in the wings. Chinese regulators are actively encouraging this surge, eager to boost outbound financing amid renewed support for private tech.
With U.S. long-term funds creeping back and President Xi signaling a friendlier stance toward tech innovators, Hong Kong could be entering a golden IPO age.
As the AI tide rises, Hong Kong’s financial heartbeat is syncing with China’s tech revolution — and it’s electrifying.
March 30, 2025: AI Boom Hits Rural China with DeepSeek April 1, 2025: Sesame AI Wants to Raise $200M for Next-Gen AI March 28, 2025: Cleo AI Traps Poor in Fake Loans, Pays $17M Fine
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