Sina Technology News reported on the evening of August 25 that artificial intelligence company Kuangshi Technology submitted a prospectus to the Hong Kong Stock Exchange today.

According to the prospectus, in terms of revenue, revenue was 67 million yuan in 2016, increased to 313.2 million yuan in 2017, and 1,426.9 million yuan in 2018. The compound growth rate from 2016 to 2018 was 358.8%. In the first half of 2019, RMB revenue was 949 million yuan.

In terms of losses, in 2016, 2017, and 2018, losses were RMB 342.8 million, $758.8 million, and $3,351.6 million, respectively. The first half of 2019 lost RMB 5.200.2 billion.

The authorized share capital of the company as of the last viable date was 294134521 common shares and 105865479 preferred shares, totaling 40,000 shares.

Goldman Sachs, J.P. Morgan, and Citibank are the co-sponsors of this listing.