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A Key to Unlock the Hong Kong Stock Exchange: LuKe Technology Advances Towards IPO
Geeks from Tsinghua have spent a decade crafting locks, with the first AI-powered smart lock company now basking in both honor and challenges. In the late hours at a smart home appliance store, the smart lock section remains brightly lit. Fingerprint locks, facial recognition locks, and vein recognition locks are displayed in a row as consumers meticulously compare unlocking speed and security levels. Amidst this bustling scene, a Beijing-based technology enterprise quietly stands on the threshold of the capital markets — Loock Technology has officially submitted its listing application to the Hong Kong Stock Exchange, aiming to become the first AI-enabled smart lock stock in Hong Kong. From technical prototypes developed in Tsinghua laboratories to consumer hardware generating billions in annual revenue, this company, which started with a simple lock, has completed its journey in just ten years.
At a Glance: March's Hottest IPOs - Shangmi Technology Approved! Four New Stocks, Including ZhaoWei Electromechanical and EastControl, Undergoing Enthusiastic Subscription.
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Valued at $3.5 billion, Xiaomi and Baidu are betting on Luoke Technology to become the first AI smart lock company to go public.
①Loock becomes the only smart lock enterprise in Xiaomi's ecosystem; ②Founder Chen Bin holds a master’s degree in electronic engineering from Tsinghua University and previously served as a technical manager at Baidu.