DeepWay, Chinese Heavy Truck Technology Company, Allegedly Secures New RMB1.2 Billion Funding Round
Funding Round: DeepWay, a Mainland Chinese heavy truck technology company, raised approximately RMB1.2 billion in its latest financing round, with notable investors including ABC Impact, Lenovo Capital, and SUNWODA.
Company Focus: Established in 2020, DeepWay specializes in developing auxiliary driving technology and freight solutions for heavy electric trucks, having previously attracted investments from BIDU-SW.
Listing Application: The company submitted a listing application to the Hong Kong Stock Exchange in November of the previous year.
Market Activity: The article notes significant short selling activity related to DeepWay, with a short selling amount of $624.90 million and a ratio of 27.755%.
Get Free Real-Time Notifications for Any Stock
Analyst Views on 09888
About the author
BLACK SESAME Partners with Apollo Go to Create Autonomous Driving Ecosystem
Stock Performance: BLACK SESAME (02533.HK) and BIDU-SW (09888.HK) experienced slight declines in their stock prices, with short selling activity reported for both companies.
Strategic Cooperation: BLACK SESAME and Baidu's Apollo Go have entered a strategic partnership to develop an autonomous driving ecosystem aimed at enhancing China's intelligent driving industry.
Focus on Industry Chain: The collaboration will leverage both companies' technological and operational strengths to accelerate the development of the L4 autonomous driving industry chain.
Analyst Outlook: Citi maintains a "Buy" rating on Baidu (BIDU.US), citing its comprehensive technology capabilities in the sector.
Citi Identifies TENCENT as Top Beneficiary of China's Approval for H200 Chip Acquisitions
Regulatory Approval: Chinese regulators have approved the procurement of Nvidia H200 AI chips by tech giants Alibaba, Tencent, and ByteDance, which could positively impact the Chinese internet industry.
Beneficiary Insights: Citi's report indicates that Tencent is expected to be the biggest beneficiary of this approval, as it may leverage GPU computing power leasing amid potential procurement restrictions.
Investment Risks: The report also cautions about the risk of increased capital expenditure for these companies in 2026, which could affect their financial strategies.
Citi's AI Industry Preference: Citi has ranked its preferences in the AI sector as Tencent > Alibaba > Baidu, reflecting their outlook on the companies' potential in the evolving market.
