What happened: CooTek, the company behind virtual keyboard TouchPal, has filed to raise $100 million IPO in the NYSE market. The keyboard supports 85 different languages and operates in more than 200 countries with more than 132 million daily active users. The Shanghai-based company booked $78 million in sales for the 12 months ended June 30, 2018.
Why it’s important: Founded in 2008, TouchPal was among the first Chinese tech startups that pioneered towards the overseas market. 95% of the company’s users are outside China. Keyboard app is a traditional business, but it’s a basic for every user. To catch up with the technological developments, the company launched Talia, an AI-powered virtual personal assistant that understands everyday conversations and delivers relevant content to users in multiple scenarios.