On December 2, 2025, Beijing 51World Digital Twin Know-how Co., Ltd. (51WORLD) updated its IPO prospectus, persevering with to advance its deliberate itemizing on the Hong Kong Stock Commerce (HKEX) beneath the Chapter 18C regime. China Worldwide Capital Firm (CICC) and Huatai Worldwide are performing as joint sponsors. Earlier, on November 28, the company obtained the China Securities Regulatory Price’s submitting uncover for overseas issuance and for the “full circulation” of its residence unlisted shares—meeting the vital factor stipulations for entering into the HKEX itemizing listening to stage.
Primarily based in 2015, 51WORLD focuses on 3D graphics, simulation utilized sciences, and artificial intelligence, with three core enterprise segments. In response to commerce data, the company is a primary participant in China’s digital-twin commerce. It ranked first nationwide in every revenue and cumulative financing in 2024, turning into the first throughout the sector to surpass USD 35 million in annual revenue and the one provider offering a full-stack digital-twin decision.
On the know-how side, 51WORLD has constructed a strong foundation in spatial intelligence and embodied intelligence. By its interactive platform and simulation utilized sciences, it helps state of affairs digitization and real-world deployment of robotics.
Financially, the company recorded revenues of roughly USD 23.8 million, USD 36 million, and USD 40.2 million from 2022 to 2024. Inside the first half of 2025, revenue grew 63.6% year-on-year to about USD 7.51 million. Shareholding disclosures current that the best three institutional merchants have clear positions earlier to the IPO, and 51WORLD reached a valuation of USD 612 million following its Sequence F financing in June 2024. Proceeds from the IPO will primarily go in direction of R&D, world promoting and advertising development, and regular working capital.
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