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Aug 4, 2026

Alibaba-Backed 3D Modeling Startup Vast Considers Hong Kong IPO

Vast, a Chinese artificial intelligence startup specializing in 3D modeling and known for its Tripo AI tool, is exploring an initial public offering in Hong Kong. The company is working with Bank of America and China International Capital Corp as advisers on the potential share sale.

Aug 4, 2026·7 sources
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Top claims

  • ▪Hong Kong has become an increasingly attractive destination for Chinese technology firms seeking capital from local and international investors.
  • ▪Vast recently raised nearly 200 million US dollars in a funding round, pushing its estimated valuation to approximately 1 billion US dollars.
  • ▪Vast is backed by major technology and investment firms including Alibaba Group Holding Limited, Baidu Inc, and Ince Capital.

Topics

Hong Kong3D generationAI startupsAI tools & products

Related entities

China
Hong Kong

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