Chinese AI start-up ModelBest kicks off pre-IPO tutoring process on mainland
South China Morning Post
Chinese AI start-up ModelBest has begun its pre-IPO tutoring process in mainland China with Citic Securities.Summary
Chinese artificial intelligence start-up ModelBest has initiated its pre-initial public offering tutoring process with Citic Securities for a mainland China listing. The four-year-old company focuses on compact AI models that operate locally on devices and are optimized for domestic processors to bypass American chip shortages. The mandatory tutoring phase lasts at least three months, potentially setting the stage for an IPO next year, though specific fundraising targets and venues have not yet been disclosed.
(Source：South China Morning Post)