China's AI Ambitions Take Shape: What ModelBest's IPO Plans Mean for Tech The latest development in China's tech landscape is a sign of the country's growing ambitions in artificial intelligence.
ModelBest, a four year old Chinese AI start up, has begun its pre initial public offering preparations for a listing in mainland China.
This move comes as no surprise given the sector's rapid growth and the government's increasing emphasis on supporting domestic tech players. ModelBest has hired Citic Securities to guide its pre listing preparation.