On December 20, the Hong Kong SPAC (Special Purpose Acquisition Company) TechStar announced that it will merge with automotive Lidar supplier TuDatong (Seyond). After the completion of the merger, TuDatong will go public on the Hong Kong stock market through this reverse merger. Currently, TuDatong is valued at 11.7 billion HKD. According to ZhiShi Consulting's information, TuDatong ranks first globally in sales revenue of Lidar solutions for Passenger Vehicles in 2023.
估值117亿港元！图达通计划借壳上市，激光雷达市场“战火再起”？
Valued at 11.7 billion HKD! TuDatong plans to go public through a reverse merger; is the Lidar market heating up again?
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