Morning Star | China Display Chip Design Leader Yunyinggu Technology Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
As early as 2019, Qiming Venture Partners led Yunyinggu's Series C round and continued to back the company in its subsequent Series D financing.
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On May 27, 2026, Beijing time, Yunyinggu Technology, a portfolio company of Qiming Venture Partners and a leading display chip design enterprise in China, successfully listed on the Hong Kong Stock Exchange, marking the sixth IPO for Qiming Venture Partners since the beginning of the year. Yunyinggu Technology (03310.HK) priced its IPO at HK$20.81 per share, opened at HK$25.48 per share, and reached a market capitalization of HK$10.9 billion.
As early as 2019, Qiming Venture Partners led Yunyinggu Technology's Series C financing and continued to support the company's development in its subsequent Series D round.
Alex Zhou, Managing Partner of Qiming Venture Partners (left); Gu Jing, Chairman and CEO of Yunyinggu Technology (center); and Chen Nan, Executive Director of Qiming Venture Partners (right)
Founded in 2012, Yunyinggu Technology is dedicated to providing reliable, high-performance display driver solutions for consumer electronics brands. The company operates on a fabless model, offering AMOLED display driver chips primarily for smartphones and Micro-OLED display backplanes/drivers primarily for VR/AR devices. After years of technological accumulation and product iteration, Yunyinggu Technology has firmly established itself at the core of the display driver chip industry. It is not only the first Chinese mainland-based company to pass brand customer certification for AMOLED display driver chips, but also the only mainland manufacturer to have cumulatively shipped over 10 million units to brand companies.
Yunyinggu Technology's AMOLED display driver chips have been mass-produced and shipped to multiple leading global smartphone brands, powering more than 10 product series whose combined brands account for over one-quarter of global smartphone market share. According to Frost & Sullivan, by 2024 sales volume, Yunyinggu Technology ranks as the world's fifth-largest supplier in the global smartphone AMOLED display driver chip market, and the largest supplier based in Chinese mainland. Its Micro-OLED display backplane/driver sales rank second globally, making it also the largest independent supplier headquartered in China in this field.
Alex Zhou, Managing Partner of Qiming Venture Partners, said: "In 2019, China's semiconductor industry was entering a period of rapid growth, while China's mobile phone industry had ascended to global leadership. Tracing upstream from downstream terminal demand, the display chip sector offered exceptionally strong industrial logic and growth runway. At that time, Yunyinggu Technology's sharp focus on display driver chips as its core business aligned closely with our investment thesis, representing a high-quality niche segment we were quite bullish on. Over seven years of partnership with Yunyinggu Technology, Qiming Venture Partners has accompanied the company with a long-term mindset, jointly supporting its journey to IPO. Today, Qiming Venture Partners' investment strategy has grown increasingly focused — we remain committed to deepening our established circle of competence and executing our investment layout with steady pragmatism. In technology investing, Qiming Venture Partners has long held firm to two core themes: first, that artificial intelligence, as a General Purpose Technology, will inevitably reshape every industry; and second, that China's top-tier capabilities in product design, engineering R&D, and advanced manufacturing possess world-class competitiveness. Anchored by these two pillars, we will concentrate on two key directions: AI technology and industrial applications, and hard tech."
Domestic Display Chip Leader Yunyinggu Technology Listed on Hong Kong Stock Exchange
Yunyinggu Technology, a portfolio company of Qiming Venture Partners and a leading display chip design enterprise in China, successfully listed on the Hong Kong Stock Exchange, marking the sixth IPO for Qiming Venture Partners since the beginning of the year. Yunyinggu Technology (03310.HK) offered its shares at a price of HK$20.81 per share and opened at HK$25.48 per share with a market capitalization of HK$10.9 billion.
As early as 2019, Qiming Venture Partners led the Series C financing of Yunyinggu Technology and continued to support the company's development in the subsequent Series D financing.
Founded in 2012, Yunyinggu Technology is committed to providing reliable and high-performance display driver solutions for consumer electronics brands. Adopting a Fabless business model, the company offers AMOLED display driver chips mainly for smartphones and Micro-OLED display backplanes/drivers mainly for VR/AR devices. With years of technological accumulation and product iteration, Yunyinggu Technology has firmly established itself as a key player in the display driver chip industry. It is not only the first company based in Chinese mainland to receive brand company certification for AMOLED DDICs, but also the only one to have shipped over 10 million units to these companies.
Yunyinggu Technology's AMOLED DDICs have been mass-produced and delivered to various top smartphone companies globally featuring in over 10 different product series. These smartphone companies collectively hold more than a quarter of the global market share. According to Frost & Sullivan, Yunyinggu Technology is the fifth-largest supplier, and the largest Chinese mainland-based supplier, in the global smartphone AMOLED DDIC market in terms of sales volume in 2024. In addition, Yunyinggu Technology is a key supplier in the Micro-OLED display backplane/driver, ranking second in global sales volume, and it is also the largest independent supplier headquartered in China in this field.
Alex Zhou, Managing Partner of Qiming Venture Partners stated: "In 2019, China's semiconductor industry was entering a period of rapid growth, and China's mobile phone industry had taken a leading position globally. Tracing upstream from downstream terminal demand, the display chip sector featured strong industrial logic and growth potential. Back then, Yunyinggu Technology focused on the core business of display driver chips, which highly aligned with our investment thesis and represented a promising niche segment we were very optimistic about. During the seven years partnering with Yunyinggu Technology, Qiming Venture Partners has stood by the company with a long-term mindset, supporting it all the way to its IPO. Today, Qiming Venture Partners maintains an increasingly focused investment strategy, sticking to our proven circle of competence and steadily executing our investment layout. In the technology investment sector, Qiming Venture Partners has long been committed to two core investment themes: First, artificial intelligence, as a General Purpose Technology, will surely reshape all industries. Second, China's world-class capabilities in product design, engineering R&D, and advanced manufacturing deliver global competitiveness. Anchored by these two themes, we will focus on two key areas: AI technology and industrial applications, and hard tech."
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.17, 2026.5.26
Qiming Venture Partners was founded in 2006. The firm currently manages 11 USD funds and 7 RMB funds, with total assets under management reaching $9.5 billion. Since its inception, Qiming Venture Partners has focused on investing in outstanding early- and growth-stage companies in Technology and Healthcare.
To date, Qiming Venture Partners has invested in over 580 high-growth innovative companies, of which more than 210 have gone public on the New York Stock Exchange, NASDAQ, Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange, and Shenzhen Stock Exchange, or exited through M&A and other means. Over 80 portfolio companies have become recognized unicorns or super-unicorns.
Many companies in Qiming Venture Partners' portfolio have grown into the most influential players in their respective fields, including Xiaomi (01810.HK), Meituan (03690.HK), Bilibili (NASDAQ: BILI, 09626.HK), Zhihu (NYSE: ZH, 02390.HK), Roborock (688169.SH), Hesai Technology (NASDAQ: HSAI, 02525.HK), UBTECH (09880.HK), WeRide (NASDAQ: WRD, 0800.HK), HyperStrong (688411.SH), Insta360 (688775.SH), Unisound (09678.HK), Biren Technology (06082.HK), Zhipu AI (02513.HK), Gan & Lee Pharmaceuticals (603087.SH), Tigermed (300347.SZ, 03347.HK), Zai Lab (NASDAQ: ZLAB, 09688.HK), CanSino Biologics (688185.SH, 06185.HK), Schrödinger (NASDAQ: SDGR), MicroPort EP MedTech (688617.SH), Sanyou Medical (688085.SH), Amoy Diagnostics (300685.SZ), SinoCellTech (688520.SH), Insilico Medicine (03696.HK), Hope Medicine, Yuanxin Technology, MediLink Therapeutics, LaNova Medicines, StepFun, and others.