• VMS-backed CiDi filed for a Hong Kong main-board IPO on November 7, 2024.
• CiDi has raised over ¥ 1.5 billion across eight financing rounds, reaching a post-investment valuation above ¥ 9 billion.
• Its order backlog totaled approximately ¥ 500 million as of September 30, 2024.
• IPO proceeds will fund research and development, commercialization expansion, potential acquisitions and investments, and working capital.
• Fellow portfolio company Pony.ai filed for a US IPO in October 2024, following multiple follow-on investments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VMS Asset Management Ltd published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.