IoT leads race in Shanghai's new tech board
financeasia | March 19, 2019
Chinese tech companies are gearing up for the launch of Shanghai’s new technology innovation board. Internet of Things’ start-ups are set to be the greatest beneficiaries when it goes live in a few months’ time. The new board will adopt a registration-based IPO system. Most importantly, the rules lower the listing threshold with a focus on RD credentials instead of profits, which allows companies that are yet to make a profit to list.