QiangBrain Technology reportedly seeks pre IPO financing with a valuation of over 1.3 billion US dollars

According to Caixin News Agency, QiangBrain Technology is in talks to raise funds at a valuation of over 1.3 billion US dollars, and may subsequently conduct an initial public offering (IPO) in Hong Kong or mainland China. Insiders say that the company, founded by Harvard alumnus Han Bicheng in 2015, is in talks to obtain approximately $100 million in pre IPO financing. According to informed sources, the startup company has started preparing listing documents, but has not yet determined the listing location or other details.