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HKG:2889

11 stories mentioning HKG:2889

Every FINWIRES story that references HKG:2889, newest first.

Asia

Saimo Technology Partners With Pateo Connect, Xunce Technology to Advance In-Vehicle AI

Beijing Saimo Technology (HKG:2571) entered into a two-year cooperation framework agreement with Pateo Connect Technology (HKG:2889) and Shenzhen Xunce Technology (HKG:3317) to explore artificial intelligence applications in intelligent vehicles, according to a Monday Hong Kong bourse filing.The companies plan to collaborate on areas including usage-based AI services, in-vehicle operating systems, physical AI, and world-model applications.The proposed cooperation also covers AI agent deployment, usage-based billing and settlement mechanisms, device-cloud collaboration, and data monetization.

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Asia

Pateo Connect Technology Eyes Controlling Stake in High-Performance Chipmaker

Pateo Connect Technology (Shanghai) (HKG:2889) signed a non-binding memorandum of understanding to acquire a controlling stake in a high-performance communication chip designer, according to a Tuesday Hong Kong bourse filing.The proposed acquisition will be conducted jointly with a fund managed by Ping An Capital, with the size of the stake and consideration yet to be determined.The target develops high-speed optoelectronic chips, high-performance analog chips, and related modules used in AI data centers, and generated about 310 million yuan in revenue in 2025.Pateo said the deal would support its expansion into the upstream chip sector and strengthen its integrated "software-hardware-chip-cloud" strategy.

HKG:2889
Asia

Pateo Connect Technology Eyes AI and Autonomous Driving Collaboration With Nvidia

Pateo Connect Technology (HKG:2889) signed a cooperation agreement with Nvidia and held related exchange activities in the U.S., according to a Friday Hong Kong bourse filing.The parties discussed potential cooperation in areas including in-vehicle artificial intelligence, autonomous driving, next-generation computing platforms, and optical communication.

HKG:2889
Asia

Pateo Connect Technology's Operating Revenue More Than Doubles in Q1

Pateo Connect Technology (HKG:2889) said operating revenue more than doubled in the first quarter from a year earlier, according to a Wednesday filing with the Hong Kong bourse.The smart cockpit domain controller provider's shares were down over 2% in midday trade on Thursday.The company said operating profit margin also improved significantly during the quarter.Pateo attributed the revenue growth to stronger sales of high-end intelligent cockpit solutions, increased overseas contributions, and growth in AI software and smart cloud services.

HKG:2889
Asia

Pateo Connect Logs Higher Losses in 2025

Pateo Connect Technology (Shanghai) (HKG:2889) logged 1.09 billion yuan in attributable loss for 2025, widening from a loss of 541.2 million yuan in 2024, according to a Hong Kong bourse filing Tuesday.The smart cockpit domain controller provider's shares were up 1% in morning trade Wednesday.Basic loss per share was 7.69 yuan, compared with the 4.11 yuan loss per share in the prior year.Revenue rose 37% year on year to 3.51 billion yuan, figures showed.

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Asia

Pateo Connect Technology to Raise HK$114 Million via Share Subscription

Pateo Connect Technology (Shanghai) (HKG:2889) plans to raise about HK$113.6 million in net proceeds through a share subscription, according to a Tuesday Hong Kong bourse filing.The company will issue 895,980 new shares at HK$127.35 each to The Triplex.The subscription represents about 1.19% of the company's existing issued H shares.The price reflects a discount of about 10% to the last closing price and about 10.2% to the five-day average.Net proceeds will be used for AI technology applications, product development, and business expansion, as well as working capital and general corporate purposes.

HKG:2889
Asia

Pateo Connect Technology Partners With Aumovio on In-Car AI Development

Pateo Connect Technology (Shanghai) (HKG:2889) has entered into a cooperation memorandum of understanding with Aumovio to jointly develop automotive artificial intelligence and expand globally, according to a Monday Hong Kong bourse filing.The partnership will focus on high-performance cross-domain integration, software-defined vehicle technologies, and artificial general intelligence applications in vehicles.The companies will also collaborate on product development, demonstration projects, and supply chain coordination, while jointly expanding into overseas markets.

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Asia

Pateo Connect Technology Teams With Nvidia To Develop In-Car AI Platform; Shares Up 10%

Pateo Connect Technology (Shanghai) (HKG:2889) has entered into a collaboration with Nvidia to develop in-vehicle AI capabilities, according to a Thursday Hong Kong bourse filing.Shares of the smart cockpit domain controller provider were up over 10% in late morning trade on Friday.The company said it will build in-vehicle large model capabilities based on Nvidia's DRIVE AGX Thor platform to support next-generation AI deployment in automobiles.Separately, Pateo Connect said it also received a nomination letter from a leading new energy vehicle manufacturer for a next-generation intelligent model.

HKG:2889
Asia

Pateo Connect Teams Up With Horizon Robotics Technology on AI-Driven Vehicle Systems

Pateo Connect Technology (Shanghai) (HKG:2889) signed a cooperation agreement with Beijing Horizon Robotics Technology R&D, according to a Wednesday Hong Kong bourse filing.The partnership will focus on developing integrated solutions for intelligent cockpits and autonomous driving, as well as advancing applications in robotics and vehicle intelligence.The companies also plan to collaborate on global expansion by sharing customer resources and targeting overseas automotive markets.

HKG:2889
Asia

Pateo Connect Receives Letter of Intent for $1 Billion Support for Mergers, Acquisitions

Pateo Connect Technology (Shanghai) (HKG:2889) said Ping An Capital issued a letter of intent for strategic mergers and acquisitions, according to a Tuesday Hong Kong bourse filing.Ping An Capital is indicating its preliminary intent to provide the firm with up to $1 billion in financial support for mergers and acquisitions, amalgamation, and project consultancy over the next five years.

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Asia Markets

Hong Kong Stocks End in Green as Investors Track US-Iran Talks; Haidilao Chairman to Increase Stake in Firm

Hong Kong stocks closed marginally higher Friday as investors held out hope for a breakthrough in the upcoming peace talks between Iran and the U.S.The Hang Seng Index rose by around 141.14 points, or roughly 0.6%, to end at 25,893.54, while the Hang Seng China Enterprises Index increased by 43.21 points, or around 0.5%, to close at 8,655.04.U.S. and Iranian delegations arrived in Islamabad on Friday ahead of crucial talks beginning Saturday that could pave the way for a definitive peace treaty between the two sides.However, tensions lingered between both sides, as Israel continued attacks on Lebanon while Washington accused Iran of failing to re-open the Strait of Hormuz as promised.In corporate news, Haidilao International (HKG:6862) said its chairman and controlling shareholder Zhang Yong plans to increase his stake by no less than HK$100 million within 12 months.Shares of the restaurant operator gained nearly 3%.Pateo Connect Technology (Shanghai) (HKG:2889) entered a framework agreement to develop embodied intelligence with the Graduate School of AI Operating System of Shanghai Jiao Tong University.Shares of the smart cockpit solutions provider closed almost 4% lower.

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