{
  "id": 19738638,
  "title": "Chinese AI satellite maker Adaspace slips in Hong Kong debut",
  "url": "https://urgent.news/2026/11/13/chinese-ai-satellite-maker-adaspace-slips-in-hong-kong-debut",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-13T01:30:09.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/chinese-ai-satellite-maker-adaspace-slips-in-hong-kong-debut-6548141"
  },
  "original_language": "en",
  "account": "On November 13, Chinese AI satellite company Adaspace Technology experienced a decline in its Hong Kong market debut, following its initial public offering. The company raised HK$750 million ($95.6 million) during the IPO. Upon opening at HK$24.44, which was 1.8 per cent lower than the HK$24.90 offer price, it eventually traded at HK$24.60. The Hang Seng Index in Hong Kong dropped by 0.5 per cent during the same timeframe.\n\nAdaspace, based in Chengdu, sold 30.12 million shares within the HK$24.90 to HK$33.20 marketed range. The retail portion of the offering was subscribed 3.43 times, while the international offering was covered 1.79 times.\n\nThe company specializes in AI-powered satellites and offers satellite data services. Adaspace intends to utilize the funds raised from the IPO for research, satellite production, and the establishment of a research center in Shenzhen.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "Chinese space-AI tech hopeful Adaspace faces wary investors in Hong Kong IPO",
        "url": "https://urgent.news/2026/11/10/chinese-space-ai-tech-hopeful-adaspace-faces-wary-investors-in-hong",
        "published": "2026-11-10T01:00:28.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Alibaba is proposing to spin off its in-house AI chip unit T-Head in Hong Kong",
        "url": "https://urgent.news/2026/11/10/alibaba-is-proposing-to-spin-off-its-in-house-ai-chip-unit-t-head-in",
        "published": "2026-11-10T13:40:24.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Alibaba’s AI chip unit T-Head files for Hong Kong IPO",
        "url": "https://urgent.news/2026/11/11/alibabas-ai-chip-unit-t-head-files-for-hong-kong-ipo",
        "published": "2026-11-11T03:37:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}