Sources with knowledge of the situation reveal that YanYu Technology, the Chinese company behind the AI design tool Lovart, is exploring the possibility of launching an initial public offering (IPO) in Hong Kong. At present, the company is in the early stages of discussions with financial advisors to facilitate the share issuance. Additionally, YanYu Technology is on the verge of finalizing a funding round, which, upon completion, is expected to value the company at $3 billion.