Firing up: Manycore first of Hangzhou’s ‘Six Little Dragons’ to near Hong Kong IPO

SCMP Tech / 3/30/2026

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Key Points

Hangzhou’s “Six Little Dragons” includes spatial intelligence firm Manycore, which has advanced toward a Hong Kong IPO after clearing a key listing hurdle.
The company is positioned as moving ahead of tech peers in the local cohort, suggesting stronger momentum in market and investor expectations.
The article frames Manycore’s progress as a meaningful industry-market move within Hong Kong’s tech and IPO pipeline.
The broader takeaway is that regional high-growth tech firms in Hangzhou are beginning to convert product traction and corporate readiness into public-market outcomes.

Manycore Tech, a Hangzhou-based developer of spatial design software, has passed its listing hearing in Hong Kong, moving a step closer to an initial public offering (IPO) as it pushes deeper into what it calls “spatial intelligence” – the integration of artificial intelligence with the physical world. The company is one of Hangzhou’s “Six Little Dragons” – a group of rising start-ups that includes AI developer DeepSeek, robotics firms Unitree Robotics and Deep Robotics, Black Myth creator Game...

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