(Bloomberg) -- Chinese smartphone maker Honor Device Co. is seeking to raise expansion capital ahead of an initial public offering as early as this year, people familiar with the matter said.Most Read from BloombergElon Musk Offloads $4 Billion of Tesla Shares, Pledges No More SalesPutin Is Losing So Here’s How He’ll Make the War WorseFour European Gas Buyers Made Ruble Payments to RussiaU.S. Economy Posts Surprise Contraction, Belying Solid Consumer PictureMusk’s Twitter Pitch Featured Job Cuts
(Bloomberg) -- Chip designer Shanghai Biren Intelligent Technology Co. is seeking to raise fresh funds at a valuation of about 17 billion yuan ($2.7 billion) to fuel its growth, according to people familiar with the matter.Most Read from BloombergNever Had Covid? You May Hold Key To Beating the VirusBiden Team Weighs a Massive Release of Oil to Combat InflationPutin ‘Misinformed’ by Advisers on the War, White House SaysApple and Meta Gave User Data to Hackers Who Used Forged Legal RequestsUkrain