Hanwang, bellwether of Chinese ChatGPT frenzy, says big shareholders sold stakes


OpenAI and ChatGPT logos are seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration

SHANGHAI: Hanwang Technology Co Ltd , widely seen as a bellwether of Chinese interest in ChatGPT-concept stocks, on Friday said several major shareholders reduced stakes over the past few days as it flagged risks following a share price surge.

Henan Yellow River Computer System Co Ltd, a top 10 shareholder, sold 2.6 million Hanwang Technology shares between Jan. 30 and Feb. 7, the artificial intelligence (AI) developer said in an exchange filing.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
ChatGPT , Hanwang Technology , AI , OpenAI , Microsoft

Next In Business News

Gold steadies as Fed independence concerns offset easing geopolitical woes
Oil slips as investors assess supply outlook, US stock build
AirAsia X targets up to US$600mil debt restructuring after combining airlines
Telenor sells its stake in Thailand's True Corporation for US$3.9bil
Societe Generale to cut 1,800 jobs in France
Bank Negara’s international reserves climb slightly to US$125.6bil
Bank Negara leaves OPR steady at 2.75%, as widely expected
Ringgit trading signals growing global confidence in Malaysia
Chipmakers driving AI boom
Nationgate says IRB investigation completed, records in order

Others Also Read