Chinese Robotaxi Companies’ Shares Fall in Hong Kong Debut

Published 3 days ago Negative
Chinese Robotaxi Companies’ Shares Fall in Hong Kong Debut
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Chinese robotaxi rivals Pony AI and WeRide both slid in their Hong Kong debut, signaling some trepidation among investors but continuing a streak of listings that has made the city one of the world’s busiest fundraising markets. Both companies’ shares opened lower Thursday in their first day of trading in Hong Kong, underperforming the benchmark Hang Seng Index’s 1.3% gain. Shares of Pony AI and WeRide, which both trade on New York’s Nasdaq index, dropped 14% and 12%, respectively.

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