Blog
19
2024
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01
[Updates from Portfolio Companies] Enterprise-level interactive AI provider "ShengTong Tech" is set for an IPO in Hong Kong!
Release time：19 Jan,2024
Shanghai ShengTong Information Technology Co., Ltd., an AI-powered voice interaction solution provider (hereinafter referred to as "ShengTong Tech"), first submitted its prospectus to the Hong Kong Stock Exchange on June 27, 2023, and updated the document on January 12 of this year, aiming for a mainboard listing on the HKEX.
According to the prospectus, ShengTong Technology's interactive AI solutions are primarily applied in areas such as smart cities, intelligent transportation, smart communications, and digital finance. With years of deep expertise in these industries, the company has developed a profound understanding of customer needs across the board. ShengTong Technology’s AI solutions have also been successfully deployed in innovative sectors like media, healthcare, e-commerce, and retail. Looking ahead, as more industries continue to embrace digital transformation, ShengTong Technology’s technology is poised to further expand its applications into cutting-edge, emerging fields.
As an enterprise-grade, full-stack interactive AI solutions provider, ShengTong Technology leverages its technology infrastructure, VoicecommBrain, and comprehensive functionality modules, VoicecommSuites, to deliver a wide range of enterprise-level, full-stack AI solutions across multiple vertical industries. Its offerings currently serve over 100 cities and counties nationwide, as well as five overseas countries.
As ChatGPT and AI large models have taken the global stage by storm, the artificial intelligence sector has finally seen a wave of positive momentum, reigniting a surge in industry-wide investment and financing activities. Notably, ShengTong Technology has already attracted significant attention from numerous investors. Over the four-year period from 2020 to 2023, ShengTong Technology secured four rounds of funding, raising nearly 500 million yuan in total. Investors included entities such as Xin Zhuang Industrial Zone, Qinggongcheng SoftBank, and InnoVision Capital. Most recently, in June 2023, the company closed a new funding round, securing 180 million yuan.
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