Futu Information March 10 news, ChatGPT concept stock$Xiao-I (AIXI.US)$Officially launched on Nasdaq today, as of press time, the company first rose more than 3% to $7.03, with a total market capitalization of $509 million.
According to the previous public information,$Xiao-I (AIXI.US)$It plans to issue 6 million American depositary shares (ADS) with a price range of $6.80 to $8.80 under the symbol "AIXI". On the eve of the listing, the company set a final price of $6.80.
Company overview
Founded in 2001, Xiao I Robot is a Chinese artificial intelligence company, covering basic technology platforms, dialogue robots, cloud services, industry solutions and robot solutions. mainly to provide customers with smart city, software business and architectural design artificial intelligence services. More than 800 million end-users worldwide, accounting for more than 90% of China's intelligent customer service market.
Financial profile
In 2021, Xiao I Robot's net income was $32.524 million, up 134.7% from $13.857 million in 2020, with a net loss of $7.056 million in 2020 and a profit of $3.365 million in 2021.
Major shareholder
According to the prospectus, Yuan Hui, founder, chairman and CEO of the company, holds about 14.72%, natural person Li Aini holds 9.58%, Zhu frequently holds 7.54%, and BABA and Geely own 6.60% and 6.53% of Xiao I Robot respectively, accounting for two seats among the company's external investors.
Industry prospect
Based on the development trend of the industry, Xiao I robot is in the golden track. Thanks to strong policy support, rapid technological progress and a significant role in reducing corporate costs, China's artificial intelligence market has grown from 54.5 billion yuan in 2017 to 260.7 billion yuan in 2021, with an annual compound growth rate of 47.9 percent, according to Frost Sullivan data. It expects China's artificial intelligence market to reach 1.4729 trillion yuan by 2026, with a compound annual growth rate of 41.1 per cent.