China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs
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FORTUNE — In 2026, the Hong Kong story is all about AI. MiniMax and Knowledge Atlas (better known as Z.ai), two frontier AI labs, Biren Technology, a chip design company, and Insilico Medicine, an AI drug discovery company, are just some of the standout listings from the past few months.
There’s more to come: Manycore, a spatial design company and one of the Hangzhou-based “Little Dragons” will list in Hong Kong this week; Victory Giant, which makes printed circuit boards, is also raising funds in the city. Other AI companies reportedly considering IPOs are Moonshot AI, the developer of Kimi; Rokid, a manufacturer of smart glasses; and Kunlunxin, the chip unit of Baidu.
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