Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Moonshot AI, the $20bn Beijing-based developer of the Kimi chatbot, has informed shareholders it will dismantle its offshore VIE structure to clear the path for a Hong Kong IPO under new CSRC rules.

Beijing-based unicorn tells shareholders it will dismantle VIE model as regulators tighten oversight, as shift may signal new era for foreign tech investment.

China’s red-chip structure – long used by internet companies to attract foreign capital while navigating domestic restrictions – is facing renewed scrutiny as regulators tighten oversight of offshore ...