Chinese enterprise-level foundation model AI application solution provider Deepexi Technology has submitted a listing application to the Hong Kong Stock Exchange under Chapter 18C of the Listing Rules. Its joint sponsors are CITIC Securities, CMBC Capital Holdings Limited, Guotai Junan International, SPDB International, and BOCOM International.

According to the preliminary listing information, Deepexi Technology provides solutions to customers in various industries such as consumer retail, manufacturing, healthcare, and transportation through its AI-ready FastData Foil data fusion platform and the Deepexi enterprise foundation model platform.

For the year ended December 2024, the company recorded revenue of nearly RMB243 million, an increase of 88.3% YoY, while its loss during the year was RMB1.255 billion, expanding from a loss of RMB503 million in 2023.