GigaAI, a Chinese unicorn focused on physical AGI and world models, plans to list in Hong Kong as early as this year. The company is completing a new funding round at a $30 billion valuation, making it the highest-valued world model startup in China.
GigaAI plans to list in Hong Kong as early as this year after a new funding round valuing the Chinese AI unicorn at $30 billion.
"We are about to complete a new round of financing," Huang Guan, founder and CEO of GigaAI, said during an interview at the World Artificial Intelligence Conference in Shanghai.
The valuation would make GigaAI the highest-valued world model startup in China, surpassing other domestic players in the physical AI space. The company develops world models and physical artificial general intelligence, a technology that enables AI systems to perceive, reason and act within physical environments. Its applications span robotics, autonomous driving and industrial automation. Existing clients include FAW Group, one of China's largest state-owned automakers, e-commerce giant JD.com and state postal operator EMS.
GigaAI did not disclose the offer price, deal size, lead underwriters or a specific listing date for its Hong Kong IPO. The proposed ticker and listing board also remain undisclosed. Cornerstone investor details and use of proceeds allocation have not yet been announced. The company's $30 billion valuation would surpass most Chinese AI startups, placing it among the top tier of global AI companies by market value.
The listing would add another high-profile Chinese AI company to Hong Kong's exchange, which has seen a recovery in technology listings after a prolonged downturn. At a $30 billion valuation, GigaAI would command a significant premium over many technology peers listed in Hong Kong. The deal will test institutional demand for world model technology, a niche but fast-growing segment of the AI industry. The world model market is emerging as a key battleground in AI development, with companies like Nvidia and Tesla also investing in physical AI technologies. The company's ability to attract cornerstone investors will signal market confidence in the physical AGI sector. Investors will watch for the final pricing range and the listing date as the next catalysts for the deal.
This article is for informational purposes only and does not constitute investment advice.
