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Alibaba-Backed RoboSense Picks JPMorgan for Hong Kong IPO

  • CICC, China Renaissance are also helping the Chinese company
  • RoboSense’s first-time share sale could raise about $1 billion
A Robosense Lidar camera on a Hanteng Auto e+ Pilot autonomous vehicle at Auto Shanghai 2019.
A Robosense Lidar camera on a Hanteng Auto e+ Pilot autonomous vehicle at Auto Shanghai 2019.Photographer: Qilai Shen/Bloomberg

RoboSense, a Chinese developer of sensor technologies used in self-driving cars, plans to work with JPMorgan Chase & Co. on its proposed Hong Kong initial public offering, people with knowledge of the matter said.

China International Capital Corp. and China Renaissance Holdings Ltd. are also helping the startup, formally known as Suteng Innovation Technology Co., whose potential listing next year could raise as much as $1 billion, they said, asking not to be identified as the information is private.