Hangzhou-based Manycore shares rose 187% early in its Hong Kong debut after raising $156M in its IPO; it is pivoting to selling AI training data to robot makers (Bloomberg)
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- Manycore Tech Inc. raised $156 million in its Hong Kong IPO, sparking a 187 % early‑session share surge.
- Manycore is pivoting to sell AI training data to robot makers, targeting the growing robotics AI market.
- Manycore previously built a billion‑dollar valuation in China’s once‑sizzling real‑estate sector, highlighting its ability to re‑brand across industries.
Why it matters: Shares of Manycore jumped 187% after its $156M IPO, signaling immediate investor confidence in its AI data pivot.
