China’s Horizon Robotics,Korea a provider of in-car technologies to major automakers like Volkswagen and BYD, has filed to sell an undisclosed amount of shares in Hong Kong. The move aims to capitalize on the increasing consumer demand for autonomous driving technology both domestically and internationally. The tech unicorn reached a valuation of $8.7 billion in late 2022 after raising a $210 million Series D funding round. According to a prospectus filed on Tuesday, China’s SAIC, Volkswagen, and BYD hold stakes of 10%, 2.6%, and 0.1% in the company, respectively. Horizon reported revenues of nearly RMB 1.6 billion ($220 million) in 2023, up from RMB 906 million the previous year, with net losses narrowing from RMB 1.9 billion to RMB 1.6 billion. The company captured a 21.3% share of the advanced driver assistance systems (ADAS) market in China, making it the second-largest vendor in the country as of last year, according to figures from China Insights Consultancy, which is advising the stake sale. Horizon, backed by investors such as Sequoia Capital China and Hillhouse Investment, plans to use the proceeds to expand into overseas markets, including Japan, Korea, and Europe. [Horizon Robotics prospectus]
NYT mini crossword answers for May 12, 2025
Drake releases flexes his acting chops in a new short film, 'Please Forgive Me'
8 silly fictional debates to prepare you for tonight's Clinton v. Trump showdown
Victorious high school photo of José Fernández makes for a touching tribute
Sabalenka vs. Svitolina 2025 livestream: Watch Madrid Open for free
What's the deal with that wild Pen Pineapple Apple Pen video?
Watch 5 defining moments from José Fernández's career
NASA aims to land on the moon in 2 years. Why that won't happen.
The Sound and the “Furious”
Waze wants to help people keep up with their 'favorite brands'
Contingent No More
Daisy Ridley joins James Corden in 'Peter Rabbit' movie's voice cast
Jupiter's moon Europa may shoot liquid water into space
Golf legend Arnold Palmer dies at age 87
How to Squeeze the Most Out of Your iPhone's Battery
This toy advert is taking on gender stereotypes and people love it
Man suspected of Pippa Middleton iCloud hack arrested, then released on bail
How to watch the U.S. presidential debate in the UK
Amazon Pet Day: All the best deals
One man's dinosaur impressions will save you a trip to 'Jurassic Park'
Adobe's Flash Updater: Bloated, Confusing & ShadyBest headphones deal: Save 42% on the Sony WHInterview with Raspberry's Founder Eben UptonI've been a DJ at legendary clubs for years. Here's the gear I use to createMurder, mayhem, and a crown: ‘Fear Street’ makes prom a killer affairTesla Cybertruck loses topNYT Strands hints, answers for May 18Best soundbar deal: Save $300 on the Sonos ArcMicrosoft Surface: The Good, the Ugly and the UnknownHow a Threads post helped me find community and beat lonelinessHot PC Games for the 2013 Holiday SeasonLeinster vs. Glasgow Warriors 2025 livestream: Watch United Rugby Championship for freeWordle today: The answer and hints for May 16, 2025AirPods Pro 3 seemingly confirmed in Apple leakNYT Connections hints and answers for May 18: Tips to solve 'Connections' #707.Apple rejects Fortnite for iOS in latest app store drama [updated]NYT Strands hints, answers for May 19Best stick vacuum deal: A selfAnker SOLIX C1000 Power Station deal: Get $350 offNYT mini crossword answers for May 17, 2025 What happens when real Melania Trump welcomes you into the AI audiobook era with new memoir New leak suggests Grok 3.5 is coming soon Best security deal: Take 25% off the Wyze Cam Pan V3 Best Memorial Day 2025 deals under $100 Best Amazon Memorial Day 2025 deals: Apple, Samsung, and more NYT Connections Sports Edition hints and answers for May 25: Tips to solve Connections #244 Wordle today: The answer and hints for May 25, 2025 Trump threatens 25% tariff on Apple in Truth Social post Get the Samsung Galaxy Tab A9+ for $199 at Amazon for MDW 2025 NYT Connections hints and answers for May 26: Tips to solve 'Connections' #715. Nintendo Switch 2 supports USB mice, too NYT Strands hints, answers for May 25 All the iOS 18.5 features I recommend trying after updating Scientists just discovered a mysterious new world far beyond Pluto Apple AirPods Max headphones: $69 off at Amazon Arminia Bielefeld vs. VfB Stuttgart 2025 livestream: Watch DFB Best Apple deal: Save $80 on the Apple Watch SE Arsenal vs. Barcelona 2025 livestream: Watch Women's Champions League final for free Today's Hurdle hints and answers for May 24, 2025