Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
Nvidia Develops New Location-Verification Technology for AI Chips 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Chinese autonomous driving technology developer Momenta is reportedly preparing for a confidential Hong Kong initial public offering (IPO), according to two sources familiar with the matter. The company publicly denied having filed for a Hong Kong listing when asked for comment by Reuters, but the sources maintain that the move is underway as part of a broader trend of Chinese firms shifting their fundraising plans to the Asian financial hub.
The potential listing comes after Momenta backed away from plans to go public in New York, a decision influenced by heightened U.S.–China geopolitical tensions and regulatory complexities. Reuters previously reported that Momenta was evaluating a pivot to HKEX following the June expiration of its approval from China’s securities regulator for a U.S. IPO. Details such as the size of the offering and the expected timeline are still unclear, and the Hong Kong stock exchange has declined to comment on the matter.
A Hong Kong listing would place Momenta among a growing roster of Chinese technology and automotive innovators choosing the city as their preferred capital-raising destination. The Hong Kong market has seen a strong rebound, with new listings raising around $32 billion by mid-November, marking the exchange’s best year since 2021 and representing a more than 200% increase from the previous year, per Dealogic data.
Momenta is considered one of China’s leading developers of advanced driver-assistance systems (ADAS), providing technology comparable to Tesla’s supervised self-driving features capable of navigating complex urban environments. The company’s strategic investors include major global automotive players such as Toyota Motor and Bosch, highlighting its growing influence in the autonomous driving sector.
While confidentiality prevents sources from being named, the expected IPO signals continued momentum in Hong Kong’s capital markets and reflects the shifting landscape for Chinese tech firms seeking global investment opportunities.
