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Chinese AI startup StepFun dissolves offshore structure for Hong Kong IPO.
Chinese AI startup StepFun is reportedly dissolving its offshore corporate structure to prepare for a planned initial public offering, according to sources.
The move aligns with new Beijing regulations requiring red-chip companies to shift to onshore setups for Hong Kong listings, signaling a broader trend among Chinese tech firms adjusting to tightened regulatory scrutiny.
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La startup china de IA StepFun disuelve la estructura offshore para la salida a bolsa de Hong Kong.