Chinese Autonomous Driving Startup Momenta Advances Hong Kong IPO Plan
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Chinese autonomous-driving startup Momenta has passed the listing hearing for its Hong Kong initial public offering, according to a Tuesday exchange filing, though the company did not disclose a listing date or fundraising target.
The milestone underscores the rapid rise of the smart-driving supplier, whose backing by global automakers could help it gain overseas market share as geopolitical tensions weigh on domestic rival Huawei Technologies Co. Ltd.
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