IPO News | Topstar Submits Listing to the Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on January 26, Tubida (Group) Holdings Limited (abbreviation: Topida) submitted a listing application to the main board of the Hong Kong Stock Exchange, and Zhongtai International is its sole sponsor. The company is a famous intelligent transportation provider in Guangdong Province. According to Frost & Sullivan data, it is also one of the pioneers in using AI to implement city-level holographic road networks. The company uses the Internet of Things, big data and AI technology to establish an autonomous system using an exclusive four-layer modular architecture. This cloud-edge integrated framework seamlessly connects front-end sensors, edge computing and cloud platforms to effectively overcome key challenges such as data silos, integration difficulties, and high operating costs.

According to the prospectus, the company's core business focuses on the transportation sector. The two types of intelligent solutions provided aim to promote the digitalization of traffic management while building a more intelligent, data-driven urban mobility system:

Intelligent traffic sensing system: This system involves the design and deployment of advanced sensing equipment such as traffic signals and electronic monitoring systems to achieve automatic detection of violations, real-time traffic data collection and adaptive signal control, and significantly improve road safety and traffic efficiency.

Cloud edge intelligent traffic system: Based on the cloud side collaborative architecture, the system builds an integrated traffic management platform and signal control system to achieve multi-source data integration and real-time traffic monitoring along the road.