SHANGHAI, January 2, 2026 /PRNewswire/ — Biren Technology, the portfolio company of Qiming Venture Partners, a leading domestic GPU developer, was successfully listed on the Hong Kong Stock Exchange today, becoming the first company to list in Hong Kong in 2026.
Biren Technology (06082.HK) issued shares at a price of HK$19.6 per share and opened at HK$35.7 per share with a market capitalization of HK$85.54 billion. The successful listing of Biren Technology makes it the first GPU stock in the Hong Kong market and the largest offering of new shares since Chapter 18C came into effect.
Qiming Venture Partners is Biren Tech’s first and most loyal supporter. Qiming, as a founding investor, led Biren Technology’s first round of financing when the company was established in 2019, and has since continued to finance its development. Qiming is the company’s largest external institutional investor.
Founded in 2019, Biren Technology is a leading general intelligent IT solution provider in China. The company adheres to an original core architecture, pioneers the field of high-performance computer chip based on Chiplet, and has built a technology system characterized by software and hardware co-innovation. It is dedicated to promoting an intelligent IT industrial ecosystem and aims to serve as a main driving force for the development of China’s artificial intelligence industry.
Biren Technology developed the first generation general-purpose graphics processing unit (GPGPU) architecture and a series of GPGPU-based hardware. It successfully developed the Biren™106 and Biren™110 chips as well as the more efficient Biren™166 chip. The chips are used in key industries such as AI data centers, telecommunications, AI solutions, energy and utilities, fintech and internet.
Zhang Wen, Founder, Chairman and CEO of Biren Technology, said: “Becoming a public company marks a stronger start for Biren and brings greater responsibility. In the future, we will continue to increase our R&D investments, accelerate the development of our fully independent and controllable product stack, and contribute to building a robust national IT ecosystem. Our goal is to improve the security, stability and resilience of China’s intelligent computing capabilities, promoting and enabling high-quality development in the AI sector.“
“As a founding investor in Biren Technology’s first round of financing, we are delighted to have supported the company and witnessed this important milestone in its successful listing. From the beginning, Biren Technology chose a path that was both difficult and critical: developing high-performance general-purpose GPUs through continuous technological innovation. Its successful listing not only marks a key phase in the company’s growth but also demonstrates the evolution of Chinese technology entrepreneurship towards a new stage focused on original innovation. Registration is both a progressive achievement and the starting point of a new journey. We expect Biren Technology to continue to deepen its technological innovation and play an increasingly important role in building the AI ecosystem in China and the world.“ said Alex Zhou, managing partner of Qiming Venture Partners.
About Qiming Venture Partners
Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US dollar funds and seven RMB funds with $9.5 billion in raised capital. Since our inception, we have invested in exceptional companies in the technology and healthcare sectors, at both early and growth stages.
Since our start, we have supported more than 580 innovative and fast-growing companies. More than 210 of our portfolio companies have completed exits via IPOs on the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through mergers and acquisitions or other means. There are also more than 80 portfolio companies that have achieved unicorn or super unicorn status.
Many of our portfolio companies are the most influential companies in their respective industries today, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Hesai Technology, UBTech, WeRide, HyperStrong, Insta360, Unisound, Biren Technology (06082.HK), Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, Insilico Medicine, AusperBio, Yuanxin Technology, Medilink Therapeutics, LaNova Medicines, zai, StepFun, among others.
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SOURCE Qiming Venture Partners
