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Zebra Intelligence Rushes to Hong Kong IPO, Accumulated Loss of 3.6 Billion Over Three Years
How does AI, Alibaba, and SAIC’s collaboration foster market leaders?
According to the Hong Kong Stock Exchange, on March 18, Zebra Intelligence Information Technology Co., Ltd. (“Zebra Intelligence”) submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with Deutsche Bank, CICC, and Guotai Junan International serving as joint sponsors.
Data shows that Zebra Intelligence was founded in 2015, born from a strategic partnership between Alibaba and SAIC Motor. After ten years of development, it has become China’s largest software-centric intelligent cockpit solution provider. Based on 2024 revenue and solution deployment, it ranks first in the Chinese market.
In terms of performance, from 2023 to 2025, Zebra Intelligence is expected to achieve revenues of 872 million, 824 million, and 861 million yuan, respectively, with annual losses and total comprehensive expenses of 876 million, 847 million, and 1.896 billion yuan.