Pony AI Inc. operates an autonomous mobility business in the People's Republic of China and internationally through its subsidiaries. It offers robotaxi services, including autonomous vehicle (AV) engineering solutions such as AV software deployment and maintenance, vehicle integration and engineering, and road-testing services for original equipment manufacturers (OEMs) and transportation network companies (TNCs). The company also provides robotruck transportation services to logistics platforms, as well as licensing and applications offerings that include personally-owned vehicle intelligent solutions, vehicle integration and software development and licensing services, and vehicle-to-everything (V2X) products. Its customers include OEMs and TNCs, OEMs and logistics platforms, and sensor and hardware component suppliers. Pony AI Inc. was incorporated in 2016 and is based in Guangzhou, the People's Republic of China.
Pony AI expands robotaxi and robotruck, but new liability rules add risk
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Cathie Wood buys, fleet target raised Cathie Wood's ARK Invest bought Pony AI shares, and the CEO raised the year-end robotaxi fleet target to 3,500 vehicles. This signals confidence from a well-known tech investor and stronger expected demand for robotaxi services, supporting the stock price.
New investor action and a higher fleet target directly affect demand expectations and sentiment for 2026.HK.
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Zacks picks Pony AI over Uber Zacks Investment Research named Pony AI a better pick than Uber in autonomous ride-hailing, citing its expansion to over 20 cities by end-2026. This boosts Pony AI's reputation and could attract more investors, pushing the stock up.
A new analyst endorsement highlights Pony AI's competitive position and growth potential.
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New liability rules for autonomous driving China's draft Road Traffic Safety Law amendment makes manufacturers responsible for traffic violations when autonomous driving is active and bans false advertising. This adds legal and compliance costs for Pony AI, and the stock fell 5.62% on the news, weighing on the price.
This is a new regulatory risk that directly affects Pony AI's operations and liability exposure.
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Driverless tests in Zagreb and new robotruck Pony AI, Uber and Verne began fully driverless robotaxi tests in Zagreb, a European first. Separately, Pony AI and GAC unveiled a Gen-4 autonomous robotruck with 70% lower sensor costs. Both show technology progress and open new markets, supporting future revenue.
These are new technology and expansion milestones that strengthen Pony AI's long-term growth story.
Q3 2026
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Pony AI Surges on Revenue, Deals, and Regulatory Clarity
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Q2 Revenue and Robotaxi Growth Pony AI reported Q2 revenue up 68.8% and robotaxi revenue up 691%, showing strong business momentum. The fleet is growing toward 3,500 vehicles, indicating scaling operations.
This point highlights the strong financial performance that likely drove the stock price up.
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Uber Europe Deal and Driverless Tests Pony AI signed an Uber Europe robotaxi deal exceeding 2,000 vehicles and began driverless tests in Zagreb. These expansions into new markets signal growing demand and technological readiness.
This point shows new business deals and market expansion that could boost investor confidence.
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New Robotruck and ARK Invest Buy Pony AI launched a low-cost Gen-4 robotruck and Cathie Wood's ARK Invest bought shares. Zacks favored Pony AI over Uber, adding to positive sentiment.
This point indicates product innovation and institutional investor interest, which can drive the stock price.
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Regulatory Clarity and Liability Risks China's new autonomous-driving safety standard adds clarity, but a draft liability amendment making manufacturers responsible for violations and a false-advertising ban adds compliance costs and caused a 5.62% share drop.
This point shows both positive regulatory clarity and negative liability risks that affected the stock price.
News & notes moving2026.HK
CroatiaUnited StatesChina
Robotics & Physical AI▲
Pony.ai and Verne Begin Europe's First Fully Driverless Robotaxi Trial in Zagreb
Pony.ai and its Croatian partner Verne have launched fully driverless robotaxi trials in Zagreb, the company's first such deployment in Europe. The service runs on public roads in Croatia's capital and is integrated with the Uber app for ride hailing. The Zagreb launch extends Pony.ai's autonomous ride service beyond its existing markets and gives the company a live European proof point for its joint deployment model, in which partners fund fleets while Pony.ai concentrates on Level 4 software and operations. Pony.ai, a US based software group focused on autonomous mobility in China and overseas, has a market cap of $2.8b, placing it in the mid sized bracket of global automation players. Investors can watch upcoming disclosures on paid ride volumes, fleet count and contribution margins from joint deployments like Zagreb to see whether unit economics in new cities start to resemble improving metrics already reported in Guangzhou and Shenzhen.
Robotics & Physical AI › Robotaxi Operators & Platforms ▲Technology
Robotics & Physical AI › Autonomous Vehicles & Robotaxi ▲Technology
2026.HK · Technology · Positive Pony.ai launched Europe's first fully driverless robotaxi trial in Zagreb, a live proof point for its Level 4 software and joint deployment model.
Verne · Demand · Positive Verne, as Pony.ai's Croatian partner, funds the fleet and operates the new fully driverless robotaxi service in Zagreb.
UBER · Demand · Positive Zagreb robotaxi service is integrated with the Uber app for ride hailing, adding autonomous rides to Uber's platform.
Waymo to Launch Robotaxi Service in Singapore by 2028
Alphabet's Waymo will launch an autonomous, all-electric ride-hailing service in Singapore by 2028, marking the company's first entry into Southeast Asia, according to Reuters. An initial fleet of Jaguar I-PACE vehicles will arrive in the coming months, with trained specialists conducting manual driving through 2027 to train the Waymo Driver on local road geometry and monsoon weather before a planned public launch in 2028. Waymo is working directly with Singapore's Ministry of Transport and Land Transport Authority, and Transport Minister Jeffrey Siow publicly welcomed the company's entry. Waymo has completed more than 20 million fully autonomous rides, operates more than 500,000 weekly trips and raised $16 billion at a $126 billion valuation in February 2026. The company has not disclosed its expected fleet size, operating area, pricing or revenue opportunity, and competitors including Grab, WeRide, Pony.ai and ComfortDelGro have already begun establishing local operations.
GOOG · Demand · Positive Waymo (Alphabet) expands its robotaxi service into Singapore by 2028, its first Southeast Asia market, adding new end-customer demand for its ride-hailing product.
GRAB · Competition · Negative Waymo's entry into Singapore threatens Grab's ride-hailing dominance as a new autonomous competitor in its home market.
0800.HK · Competition · Negative Waymo's Singapore launch intensifies robotaxi competition against WeRide, which has already begun establishing local operations.
2026.HK · Competition · Negative Waymo's Singapore robotaxi entry adds a major rival to Pony.ai, which has already begun local operations there.
Waymo to launch robotaxis in Singapore by 2028, its first Southeast Asia market
Waymo announced on Sept. 18 that it plans to launch robotaxi service in Singapore by 2028, marking its first entry into Southeast Asia and following just days after the company revealed plans to enter its first Asian market, Japan. Waymo's all-electric Jaguar I-PACE vehicles are set to arrive in Singapore in the coming months and undergo a training phase in 2027, when autonomous specialists will conduct initial manual driving to train the vehicles on local roads and weather patterns. Singapore transport minister Jeffrey Siow said the city-state has been preparing for driverless autonomous vehicles for more than a decade, and noted that Singapore has over 70,000 taxi and private-hire car drivers compared with only around 20 AVs on its roads today. Singapore is already one of the world's most crowded AV markets, with Chinese robotaxi firms WeRide and Pony AI having announced partnerships with Grab and ComfortDelGro last September and both operators running autonomous shuttle services in the Punggol district. Waymo's Japan service, in partnership with taxi app operator GO and taxi company Nihon Kotsu, is set to go live in 2027, while Uber, Nissan and UK startup Wayve plan a pilot robotaxi program in Tokyo in late 2026.
Robotics & Physical AI › Robotaxi Operators & Platforms ▲Competition
Robotics & Physical AI › Autonomous Vehicles & Robotaxi ▲Competition
GOOG · Technology · Positive Waymo (Alphabet) expands its robotaxi service into Singapore by 2028, its first Southeast Asia market, advancing its autonomous driving business.
0800.HK · Competition · Neutral WeRide is cited as an existing robotaxi operator in Singapore via a Grab partnership, so Waymo's entry adds competition but no direct financial impact is given.
2026.HK · Competition · Neutral Pony AI is named as a rival robotaxi operator already running services in Singapore, with Waymo's arrival adding competitive pressure but no concrete effect stated.
GRAB · Competition · Neutral Grab is mentioned as a partner of rival robotaxi firms WeRide and Pony AI, but Waymo's Singapore entry is not stated to directly affect Grab.
Pony.ai Unveils Level 4 Autonomous Truck, in Talks for European Expansion
Chinese autonomous driving technology company Pony.ai unveiled a fully electric truck equipped with Level 4 autonomous driving capabilities, allowing driverless operation under specific conditions, on the 14th at the IAA Transportation commercial vehicle trade fair that opened in Hanover, Germany. The vehicle announced was developed jointly with Chinese state-owned automaker GAC Group, and mass production will begin in the second half of this year. The company also revealed that it is in discussions with European governments and potential customers regarding road testing in Europe. Vice President Hua Xin, who heads the robotruck business, said, "We have already approached multiple ports and several governments about this issue," noting that the company is focusing on markets with high labor costs or facing severe labor shortages, and added, "Europe is definitely an important market for robotrucks." Pony.ai currently operates about 200 Level 4 autonomous trucks in China, some of which run fully driverless, but few countries in Europe have established systems or regulations permitting test runs of autonomous vehicles. In a statement, the company said it plans to expand its robotruck business into European and Middle Eastern markets within the next two years, and it is also advancing its robotaxi business outside China, conducting test operations in multiple European cities including Zagreb, the capital of Croatia.
Robotics & Physical AI › Robotaxi Operators & Platforms Competition
Smart City / Autonomous Infrastructure › Intelligent Traffic & Tolling Systems Technology
2026.HK · Technology · Positive Pony.ai unveiled a jointly developed Level 4 fully electric autonomous truck with mass production starting in H2, advancing its robotruck product.
2026.HK · Demand · Positive Pony.ai is in talks with European governments and potential customers (ports) for road testing and expansion into Europe/Middle East within two years.
601238.CG · Technology · Positive GAC Group co-developed the Level 4 autonomous truck with Pony.ai, contributing to the vehicle's development.
Pony.ai, Uber and Verne launch fully driverless robotaxi tests in Zagreb
Pony.ai, Uber and Verne have begun fully driverless robotaxi test rides with passengers on public roads in Zagreb, Croatia, a milestone the companies describe as a European first. The tests run along a 22-kilometer route connecting Verne's headquarters and a major Zagreb business district with Franjo Tuđman Airport, and the companies plan to expand the driverless operating area across Zagreb in the coming months. The development builds on the three firms' partnership to launch commercial robotaxi services in Europe, under which Pony.ai provides the autonomous-driving technology, Verne operates the service, and Uber provides its ride-hailing platform.
Robotics & Physical AI › Robotaxi Operators & Platforms ▲Technology
Robotics & Physical AI › Autonomous Vehicles & Robotaxi ▲Technology
2026.HK · Technology · Positive Pony.ai supplies the autonomous-driving technology enabling the fully driverless robotaxi tests in Zagreb, a European first.
Verne · Demand · Positive Verne operates the robotaxi service and hosts the test route from its headquarters, advancing its commercial robotaxi rollout.
UBER · Demand · Positive Uber provides the ride-hailing platform for the new fully driverless robotaxi test rides in Zagreb, expanding its autonomous service offering.
Citizens Keeps Tesla and Uber Ratings After Robotaxi Permits
Citizens analyst Andrew Boone reiterated a Market Perform rating on Tesla and Market Outperform on Uber Technologies Inc with a $100 price target, following news that Nevada regulators granted robotaxi permits to Tesla, Uber subsidiary Aviari Services, and Waymo. The Nevada Transportation Authority authorized each company to operate as an Autonomous Vehicle Network Company in Clark County, with Tesla permitted up to 5,000 fully autonomous vehicles in the first year, while Waymo and Uber are each capped at 1,000. Uber also launched its first European autonomous robotaxi service in Zagreb, using Pony.ai's technology and Verne's fleet, though it still requires a safety operator. Boone noted that Uber's partners are progressing, supporting expectations of a material ramp in autonomous supply in late 2026 and 2027, while Tesla's 5,000-vehicle approval is a ceiling, not a forecast, with the company anticipating around 2,500 vehicles this year.
Robotics & Physical AI › Autonomous Trucking & Delivery Competition
TSLA · Regulation · Positive Nevada regulators granted Tesla an Autonomous Vehicle Network Company permit allowing up to 5,000 fully autonomous vehicles in Clark County.
UBER · Regulation · Positive Uber subsidiary Aviari Services received a Nevada robotaxi permit and Uber launched its first European autonomous robotaxi service in Zagreb.
2026.HK · Demand · Positive Uber's Zagreb robotaxi service uses Pony.ai's autonomous driving technology, a concrete deployment of its product.
Verne · Demand · Positive Verne's fleet is being used for Uber's first European autonomous robotaxi service in Zagreb.
Pony AI reported second-quarter 2026 total revenue of $36.2 million, a 69% increase from $21.5 million a year earlier, driven by a 691% jump in robotaxi revenue to $12.1 million and a 40% rise in robotruck revenue to $13.3 million. The company's robotaxi fleet expanded to 2,000 vehicles, with plans to reach 3,500 by year-end, and it has secured over 4,000 vehicle commitments from Uber and other overseas partners, including more than 2,000 robotaxis across five European cities. Gross margin improved to 17.5% from 16.1%, while net loss narrowed 14.9% to $45.4 million, and cash reserves stood at $1.39 billion as of June 30, 2026. Management said it is on track to surpass its goal of operating in 20 cities by year-end and expects robotaxi revenue to exceed 3.5 times last year's level.
Road Traffic Law amendment draft introduces first dedicated chapter on autonomous driving, clarifying automaker liability and banning false advertising
The draft amendment to the Road Traffic Safety Law introduces for the first time a dedicated chapter with special provisions for autonomous vehicles, clarifying that when traffic violations occur while autonomous driving functions are activated, the manufacturer or importer will be responsible for handling them, and requiring that autonomous driving functions must not be falsely or exaggeratedly advertised. The draft has 9 chapters and 170 articles, and also stipulates that autonomous vehicles must pass road traffic rule compliance testing and be legally registered before hitting the road, and implements a compulsory motor vehicle traffic accident liability insurance system. Cui Dongshu, head of the Passenger Car Market Information Joint Conference of the China Automobile Dealers Association, said this legal revision clarifies primary responsibility at the legal level and resolves the long-standing pain point of liability attribution. Market reaction was mixed. Hong Kong-listed new energy vehicle makers broadly fell, with XPeng down 9.19 percent, NIO down 3.45 percent, Li Auto down 3.60 percent, and Leapmotor down 5.71 percent. Among robotaxi concept stocks, Pony AI fell 5.62 percent and WeRide fell 3.95 percent. Meanwhile, the upstream intelligent driving industry chain was relatively resilient, with Desay SV down slightly by 0.45 percent, Momenta up 5.97 percent, and Horizon Robotics up slightly by 0.53 percent.
Pony AI reported second-quarter 2026 revenue of $36.2 million, up 69% from $21.5 million a year earlier, driven by a 691% increase in robotaxi revenue and an expanded fleet of roughly 2,000 vehicles. Chairman and CEO James Peng said robotaxi revenue rose to a record $12.1 million, while robotruck revenue grew 40% to $13.3 million and intelligent solutions revenue rose 4% to $10.8 million. The company expects to reach 3,500 vehicles by year-end and operate in more than 20 cities by the end of 2026, and it has secured commitments for more than 4,000 vehicles from Uber and other international partners, including over 2,000 robotaxis across five European cities. Net loss narrowed 14.9% to $45.4 million, and the company held $1.39 billion in cash and investments at quarter-end.
Pony.ai and Uber Expand Robotaxi Partnership Across Europe
Pony.ai announced on August 14 that it will deploy more than 2,000 robotaxis across Europe under an expanded partnership with Uber that dates back to May 2025. The rollout extends from an existing commercial service in Zagreb, Croatia to four additional European cities, with plans to reach the Middle East as well. Uber processed $58 billion in gross bookings in the second quarter, with $25 billion paid to its 10.2 million drivers, and CEO Dara Khosrowshahi has signaled autonomous vehicle cities could double to 15 by the end of 2026, backed by roughly $10 billion Uber plans to commit to partners. Uber added more first-time users over the past year than in any twelve months of the last five, with monthly active platform consumers up 16% year-over-year and trips up 18%, while non-GAAP net income climbed 29% to $1.6 billion. Pony.ai gave no timeline for the robotaxi rollout and did not name the four additional cities, and hedge fund ownership of Uber slipped from 153 funds to 147 last quarter while ownership of Pony.ai climbed from 23 to 31.
Robotics & Physical AI › Robotaxi Operators & Platforms ▲Demand
2026.HK · Demand · Positive Pony.ai's expanded robotaxi deployment across Europe under Uber partnership represents significant growth in demand for its services.
UBER · Demand · Positive Uber's expanded robotaxi partnership with Pony.ai and strong growth in users and trips signal increased demand for its platform.
Pony AI Stock Seen as Undervalued After Uber Robotaxi Expansion Plan
Pony AI shares are drawing valuation attention after the company and Uber announced plans to deploy more than 2,000 Pony.ai Robotaxis across Europe, with additional expansion planned in the Middle East. The stock trades at US$8.14, down 49.35% year-to-date despite a 13.85% one-month rebound, and its one-year total shareholder return is down 48.68%. Simply Wall St's most followed valuation narrative places fair value at $10.00 a share, implying the stock is 18.6% undervalued, while a separate SWS fair value estimate points to $28.62. However, Pony AI trades at 32.1 times sales, far above the US Software industry at 3.9 times and peers at 5.5 times, signaling investors are already paying a heavy premium for growth.
Uber and Pony.ai Expand Partnership to Deploy Over 2,000 Robotaxis Across Europe
Uber Technologies and Pony.ai are expanding their partnership to deploy more than 2,000 Pony.ai Robotaxis across Europe, with plans to extend the collaboration to the Middle East. The expansion will move beyond the existing commercial service in Zagreb, Croatia, to four additional European cities, and the Zagreb service will become available on the Uber platform. Pony.ai will provide its Level 4 autonomous driving technology and deployment expertise, while Uber will offer customer access through its platform, including booking, payments and support. Local fleet partners will handle day-to-day operations in each market. The companies first announced their partnership in May 2025, and in 2026 they partnered with Croatian company Verne to launch Europe's first commercial Robotaxi service in Zagreb.
National standard for autonomous driving in intelligent connected vehicles takes effect, multiple ride-hailing concept stocks hit daily limit
The mandatory national standard, Safety Requirements for Automated Driving Systems of Intelligent Connected Vehicles, has been officially released and is scheduled to take effect on July 1, 2027. Ride-hailing concept stocks surged, with Space-Time Technology hitting the daily limit twice in four days, and Dazhong Transportation and Xingmin Intelligent Transportation also reaching the daily limit. The standard applies to M and N category vehicles equipped with Level 3 and Level 4 automated driving systems, setting clear requirements in areas such as full-lifecycle safety assurance, dynamic driving task execution, human-machine interaction, and safety analysis. China Securities pointed out that 2026 will be a critical watershed for China's intelligent driving, shifting from a functionality race to institutionalized commercial deployment. Automakers will transition to roles encompassing manufacturing, design, and operations. In the components sector, companies like Pony.ai, WeRide, and Apollo Go are expected to benefit. Zheshang Securities estimates that by 2029, the hardware market for Level 2 and above intelligent driving will reach 460.8 billion yuan, an increase of 151.8 billion yuan from 2026, and recommends focusing on four sub-sectors: complete vehicles, components, algorithm chips, and intelligent driving application layers.
Pony.ai and Sinotrans Form Logistics Technology Joint Venture, Expanding into Multiple AI Businesses
Qingzhui Logistics Technology Co., Ltd., jointly held by a Pony.ai affiliate and Sinotrans, has recently established a wholly-owned subsidiary, Beijing Qingzhui Logistics Technology Co., Ltd. The new company's legal representative is He Xing, and its business scope covers artificial intelligence basic software development, artificial intelligence application software development, electronic product sales, intelligent vehicle-mounted equipment sales, and automotive component research and development, among other AI-related businesses.
Robotics & Physical AI › Autonomous Trucking & Delivery Competition
2026.HK · Demand · Positive Pony.ai's affiliate forms JV with Sinotrans, expanding AI logistics business and creating new demand for its autonomous driving technology.
601598.CG · Demand · Positive Sinotrans enters JV with Pony.ai to develop AI logistics, potentially improving efficiency and creating new revenue streams.
青骓物流科技有限公司 · Demand · Positive Qingzhui Logistics Technology establishes subsidiary to expand AI-related businesses, indicating growth in its logistics AI operations.
Zacks Analysis Picks Pony AI Over Uber in Autonomous Ride-Hailing Race
Zacks Investment Research sees Pony AI as a better pick than Uber Technologies in the autonomous ride-hailing space. The robotaxi market, valued at $0.4 billion in 2023, is projected to reach $45.7 billion by 2030, growing at a compound annual rate of 91.8%. Uber pursues a partnership-driven strategy, recently teaming with WeRide to launch robotaxi services in Zurich and Madrid, and with Amazon's Zoox for a Los Angeles deployment next year. Pony AI has expanded its Singapore service through the ComfortDelGro Zig app and aims to be in more than 20 cities worldwide by end-2026, while deepening coverage in Guangzhou, China. Pony AI carries a Zacks Rank #2 (Buy) and Uber a Zacks Rank #3 (Hold).
Stellantis launches robotaxi pilot in Luxembourg and Dodge-Under Armour collaboration
Stellantis is partnering with Pony AI and Bolt on an autonomous mobility pilot in Luxembourg, while its Dodge brand has launched a collaboration with Under Armour linking performance vehicles to athletic and lifestyle apparel. A former senior software executive has also outlined identity risks for luxury automakers as EVs and AI reshape vehicle design, sales, and experience. These moves place Stellantis at the center of debates on autonomous services, brand equity, and software-driven identity. The Luxembourg pilot signals a preference for external technology and mobility partnerships over in-house development. For investors, the developments provide context on how Stellantis positions its brands and software capabilities across robotaxis and lifestyle collaborations, with identity and pricing power remaining key questions as EV and AI features become more common.
Pony AI Stock Could More Than Double From Here, Analysts Say
Pony AI Inc. launched a mobility pilot program in Luxembourg in collaboration with Stellantis and Bolt on June 9, testing its seventh-generation autonomous vehicles in local traffic. The program focuses on safety, performance, and regulatory readiness, building on earlier plans to expand mobility solutions in Europe. Barclays analyst Jiong Shao reiterated a Hold rating on Pony AI with a $10 target price on May 28, implying 19% upside from current levels. Pony AI provides autonomous vehicle services including software deployment, vehicle engineering, and logistics platforms.
Robotics & Physical AI › Robotaxi Operators & Platforms Regulation
2026.HK · Technology · Positive Pony AI launched a mobility pilot in Luxembourg with Stellantis and Bolt, testing its seventh-generation autonomous vehicles.
STLA · Demand · Positive Stellantis is collaborating with Pony AI on a mobility pilot in Luxembourg, potentially boosting demand for its autonomous vehicle services.
Cathie Wood Buys Pony AI Shares as Billionaire Holdings Drop
Cathie Wood's ARK Invest purchased 45,949 shares of Pony AI for roughly $396,080 on June 8, 2026, even as aggregate billionaire holdings in the autonomous-driving company fell from about $238.68 million in the fourth quarter of 2025 to $95.25 million in the first quarter of 2026. Macquarie analyst Eugene Hsiao lowered his price target on Pony AI to $24 from $25 on May 27, while maintaining an Outperform rating, after first-quarter revenue beat estimates by roughly 60% on 400% robotaxi revenue growth and strong domain controller sales. CEO James Peng said the company has not been affected by China's safety review of autonomous driving and raised the year-end robotaxi fleet target to 3,500 vehicles, up from an earlier goal of 3,000, with full-year robotaxi revenue now expected to exceed 3.5 times 2025 levels. Net loss widened to $53.5 million from $37.4 million a year earlier.
Hong Kong
