Chinese AI firm 4Paradigm renewed its IPO files on Monday as it seeks to go public on the Hong Kong stock exchange. The firm first filed for a listing in Hong Kong in August 2021, aiming to raise RMB 3.79 billion ($550 million). It has since renewed its files twice, making this latest attempt the company’s third in just over a year. The latest IPO filings reveal that 4Paradigm earned RMB 2.02 billion last year, marking 114% annual growth. Founded in 2014, 4Paradigm is an enterprise AI service provider. According to its official website, the firm completed its Series D in January 2021, raising $700 million. [Sina, in Chinese]
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