Pinecone Wisdom Inc. has submitted an application for a main board listing on the Hong Kong Stock Exchange, with Huatai International acting as the sole sponsor. According to its prospectus, Pinecone Wisdom Inc. is a leading provider of shared e-moped services in China. A report by CIC Consulting indicates that, based on transaction volume in 2024 and the number of deployed e-mopeds as of December 31, 2024, Pinecone Wisdom Inc. is the largest operator of shared e-moped services in China's peripheral development regions and ranks fourth in the overall Chinese market.