Pony AI Inc. and WeRide Inc. fell on their trading debuts in Hong Kong after the pair of Chinese robotaxi firms battled for investors during their public offerings, which raised more than $1.1 billion.
Pony AI declined as much as 15% to HK$118.80, while WeRide dropped as much as 15% to HK$23 on Thursday. Both companies’ American depositary receipts had declined since they priced their Hong Kong shares.