AI Speech, an Alibaba-backed company involved in speech recognition and AI chip design, has moved a step forward in its quest for a public listing on Shanghai’s Star Market . The Jiangsu province-based company began completing a Q&A from the Shanghai Stock Exchange on Wednesday, representing the second step in a vetting process that normally takes well over a year.

Alibaba-backed AI Speech moves forward with Star Market listing plan, aiming to raise US$1.5 billion in Shanghai IPO comes via ChinaTechNews.com.