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Jixun Foo

Jixun Foo

Senior Managing Partner, Granite Asia; early Manycore backer

Appears in 1 story

Stories

China's AI startups race to go public in Hong Kong, led by spatial intelligence pioneer Manycore

Money Moves

Board-level investor in Manycore; prominent China tech venture capitalist

Manycore Tech, a Hangzhou-based company that builds AI tools for understanding and generating three-dimensional physical spaces, debuted on the Hong Kong Stock Exchange on April 17, 2026, and its shares nearly tripled in value on the first day. Retail investors oversubscribed the offering by roughly 1,600 times, and the stock closed at HKD 18.60—up 144% from its offer price of HKD 7.62. It is the world's first publicly listed 'spatial intelligence' company and the first of Hangzhou's celebrated 'Six Little Dragons' AI startups to reach public markets.

Updated 3 hours ago