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Gamingin Technology
2 hours ago

Marvel Rivals Season 3 launches with exciting updates, while Nintendo Switch 2 becomes available on Amazon—though without Prime Day discounts. Netflix also made waves with two new hits during Shark Week, adding to its summer lineup.

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Robot maker AgiBot seeks stake in Shanghai firm in potential back-door listing

South China Morning Post - TechThursday, July 10, 2025 at 11:00:07 PM
Robot maker AgiBot seeks stake in Shanghai firm in potential back-door listing
AgiBot, a Tencent-backed humanoid robot maker, is making moves to acquire a controlling stake (over 63%) in Shanghai-listed Swancor Advanced Materials for around $279 million. This has fueled rumors that the startup—founded less than three years ago—might be angling for a back-door listing, bypassing the usual IPO process to go public faster.
Editor’s Note: Back-door listings are a sneaky (but legal) way for companies to go public without the red tape of a traditional IPO. For AgiBot, this could mean quicker access to capital and more visibility in the competitive robotics space. But it’s also a gamble—investors might question the optics of sidestepping the usual IPO scrutiny. Either way, it’s a bold play for a young company.
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