On January 12, Bloomberg reported that Zhejiang BrainCo Technology Co., Ltd. (BrainCo) has secretly submitted an IPO application to the Hong Kong Stock Exchange, with the potential to become the first listed company among 'Hangzhou's Six Giants'. Previously, the company had just completed a Pre-IPO round of financing of approximately RMB 2 billion, with a post-investment valuation exceeding USD 1.3 billion.
