Sprint for the first stock of general-purpose GPU in Hong Kong stock market! Harvard PhD at the helm, Weiren Technology valued at 20.9 billion to pass the challenge!

The AI chip race once again welcomes a key capital node, and the leading domestic enterprise in the field of general GPU, Boren Technology, officially breaks through the Hong Kong stock market and rushes to become the "first stock of general GPU in Hong Kong stock market". According to the announcement from the Hong Kong Stock Exchange, the listing hearing of Bi Ren Technology has been successfully passed, and it will rely on the 18C special technology channel to enter the motherboard. Its pre IPO valuation has risen to 20.9 billion yuan, becoming another unicorn enterprise in the AI chip field with a valuation of over 20 billion yuan.

The core confidence of this sprint to go public comes from the team's top-notch technological genes and strong commercialization potential. Zhang Wen, the founder of Biren Technology, holds a PhD from Harvard and has been deeply involved in the fields of AI and hardware technology for over 10 years. He possesses comprehensive abilities in integrated circuit industry layout, refined management, and capital market operation. The team he leads can be called "star studded" - Chief Technology Officer Hong Zhou has nearly 30 years of GPU design and engineering experience, and his profound technological accumulation has laid a solid foundation for product research and development. The support of the top team has also attracted a group of star shareholders to the company, including top financial investment institutions, industrial capital, transistor professional funds, and state-owned investment platforms, forming a strong capital and industrial resource backing.

As a leading provider of general intelligent computing solutions in China, Weiren Technology has a highly explosive performance growth curve. In the early stage of commercialization in 2022, the company's revenue was only 499000 yuan; By 2024, revenue has soared to 337 million yuan, with a compound annual growth rate of 2500% over two years, demonstrating the high growth characteristics of the AI chip industry. In the second half of 2025, the company will launch a high-performance wall grinder ™ 166 series products further open up market space. As of December 15, 2025, Weiren Technology has held orders worth a total of 1.241 billion yuan, including 5 framework sales agreements and 24 sales contracts, with significant commercialization achievements.

The continuous promotion of technology research and development and product iteration paves the way for the long-term development of the company. At present, Weiren Technology has successfully developed Beili ™ 106. Wall sharpening ™ 110 two chips and achieve mass production, wall honing ™ The 166 series has also entered the stage of mass production and commercialization. In the future, the company also plans to launch the next generation flagship data center chip wall honing based on the second-generation architecture ™ The 20X series focuses on cloud training and inference scenarios, and is expected to be commercially launched by 2026, continuously improving the product matrix to seize the high-end market.

Under the industry trend of AI technology explosion, the sprint of Weiren Technology to the Hong Kong stock market has special industry significance. Currently, general-purpose GPUs, as the core support for AI computing power, have become a key track for strategic emerging industries, enjoying the dual drive of policy dividends and market demand. If Biren Technology successfully goes public this time, it will fill the gap in the Hong Kong stock market's general GPU market and provide a new core target for investors to layout the Chinese AI industry chain. Industry analysis believes that relying on technological barriers, order reserves, and team advantages, Weiren Technology is expected to continue to benefit from the wave of AI chip localization and substitution, and its market performance after listing is worth looking forward to.