Black Sesame Steers Towards $140 Million Hong Kong IPO
Key Takeaways:
Black Sesame is preparing to raise more than $100 million in a Hong Kong IPO, reporting its loss more than doubled from 2.4 billion yuan in 2021 to 4.9 billion yuan last year
The company faces stiff competition from Nvidia, HiSilicon, and startups like Horizon Robotics in the autonomous driving chip market