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The Economic Times
The Economic Times

AI data centre supplier Zhongji InnoLight tumbles on Hong Kong debut

Zhongji Innolight Hong Kong United States Alibaba IPO Shenzhen

Shares in Chinese data centre supplier Zhongji InnoLight tumbled more than nine percent in its Hong Kong debut on Thursday, after raising at least US$6.8 billion in the city's biggest IPO for seven years, driven by a demand for AI components.

Zhongji InnoLight is a leading manufacturer of optical transceivers used in AI data centres to transmit vast amounts of digital information through optical fibres.

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