Core Insights - Uzbekistan's first tech unicorn, Uzum, is preparing for a final pre-IPO funding round in Hong Kong, following a US$70 million investment from Tencent Holdings, aiming for a public listing in 2027 [1][2] - The recent funding round has increased Uzum's valuation to US$1.5 billion, allowing Tencent to enter Central Asia's digital economy [2] - Uzum achieved unicorn status in 2024 after raising US$114 million through Series A equity funding and debt financing [3] Company Overview - Founded in 2022, Uzum provides e-commerce, fintech, and banking services to individuals and small to medium-sized businesses in Uzbekistan, which is part of China's Belt and Road Initiative [3] - The company is led by co-founder Nikolay Seleznev, who serves as the chief strategy and business development officer [5] Market Potential - Seleznev highlighted significant potential in Southeast Asia and the recognition of Uzbekistan's IT and fintech market by major global tech companies [4] - The upcoming financing round in Hong Kong reflects a trend of Central Asian companies seeking funds in the city, which has become the top global listing venue in 2023 [6] Recent Market Activity - In 2023, Hong Kong saw 66 companies raise US$23.27 billion on its main board in the first nine months, indicating a robust fundraising environment [6] - Zijin Gold International, a subsidiary of Zijin Mining, recently raised HK$24.98 billion (US$3.21 billion) in Hong Kong, showcasing the city's attractiveness for large IPOs [7]