Chinese AI-based app developer Newborn Town files for Hong Kong IPO

Chinese AI-based app developer Newborn Town files for Hong Kong IPO

REUTERS/Bobby Yip

China’s AI-driven mobile app developer and advertising platform Newborn Town has announced that it plans to raise up to HK$245 million ($31 million) in its initial public offering in Hong Kong, per its filing with the Hong Kong Exchange (HKEx).