Tag: Foxconn Industrial Interne

Foxconn unit becomes most valuable China-listed tech company

SHANGHAI, China (AFP)- A unit of electronics manufacturing giant Foxconn soared by the maximum allowable 44 percent in its stock debut in Shanghai on Friday to become the most valuable tech company listed in mainland China. Foxconn Industrial Internet, which makes electronic devices, cloud service equipment, and industrial robots, ended the day with a market value of $61 billion after the biggest IPO in China in nearly three years. The company closed at 19.82 yuan per […]