360-degree camera maker Insta360 goes public in China

Summary

• Chinese company Insta360 has gone public on the Shanghai Stock Exchange, raising $269mintheprocessandvaluingthecompanyat$9.7bn.
• The company sells 360-degree and action cameras, popular amongst vloggers, content creators and adventure enthusiasts, and has offices in the US, Japan, Germany andHong Kong in addition to its native China.
• It has also struck deals with Apple and Google to sell its products through their retail outlets, and its innovative products have seen it selected as one of Fast Company’s top three most innovative companies.
• Founder Jingkang Liu was also named on the Forbes ‘30 under 30 Asia’ list for his work with the company.

By Dean Takahashi

Original Article