Camera maker Insta360 eyes US growth

Chinese camera maker Insta360 raised RMB 1.94 billion in its Shanghai IPO, aiming to expand further in the US as demand grows for immersive content linked to wearables and XR devices. Overseas sales make up 80% of its revenue, with the US a key growth driver. Insta360 holds over two-thirds of the global panoramic camera market.