Qiming Star | Biren Technology, Leading Domestic GPU Company, Successfully Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
Qiming Venture Partners was one of Biren Technology's earliest and most steadfast supporters. When Biren Technology was founded in 2019, Qiming Venture Partners came in as a founding investor, leading the company's first funding round, and has continued to back the company's growth ever since.
Swipe Left for the English Version
On January 2, 2026, Beijing time, Qiming Venture Partners portfolio company Biren Technology, a leading domestic GPU developer, successfully listed on the Hong Kong Stock Exchange, becoming the first company to go public in Hong Kong in 2026. Biren Technology (06082.HK) priced its IPO at HK$19.6 per share and opened at HK$35.7 per share, reaching a market capitalization of HK$85.542 billion. This successful listing makes Biren Technology not only the "first GPU stock on the Hong Kong market," but also the largest new share offering since Chapter 18C of the Hong Kong listing rules took effect.
Qiming Venture Partners is one of Biren Technology's earliest and most steadfast supporters. When Biren Technology was founded in 2019, Qiming Venture Partners participated as a founding investor, leading the company's first financing round, and has continued to support the company's development in subsequent rounds. Qiming Venture Partners is not only the company's largest external institutional investor, but also one of its cornerstone senior independent investors.
Wen Zhang (left), Founder, Chairman and CEO of Biren Technology; Duane Kuang (center), Founding Managing Partner of Qiming Venture Partners; and Alex Zhou (right), Managing Partner of Qiming Venture Partners
Founded in 2019, Biren Technology is a leading provider of general intelligent computing solutions in China. The company adheres to original core architectures, pioneered Chiplet-based high-performance computing chips, and has built a technology system featuring software-hardware co-innovation. It is dedicated to fostering a domestic intelligent computing industry ecosystem and aims to serve as a core engine for the development of China's artificial intelligence industry.
To date, Biren Technology has developed a first-generation GPGPU architecture and a series of hardware based on GPGPU. It has successfully developed the Bili™ 106 and Bili™ 110 chip products, as well as the higher-performing Bili™ 166 chip product. These products are deployed in key industries including AI data centers, telecommunications, AI solutions, energy and public utilities, fintech, and internet.
Wen Zhang, Founder, Chairman and CEO of Biren Technology, stated: "Biren Technology is embarking on a stronger new chapter. Becoming a public company also means shouldering greater responsibility. Going forward, Biren Technology will continue to increase R&D investment, fully advance the development and iteration of our fully independent and controllable product stack, build a comprehensive domestic computing ecosystem, and focus on enhancing the security, stability, and resilience of China's intelligent computing industry—leading and enabling high-quality development across the AI sector."
Alex Zhou, Managing Partner of Qiming Venture Partners, stated: "As a founding investor in Biren Technology's first financing round, we are delighted to have journeyed alongside the company and witnessed this significant milestone of its successful listing. From the very beginning, Biren Technology chose a challenging yet profoundly meaningful path—developing high-performance general-purpose GPUs through sustained technological innovation. Biren Technology's successful listing is not only a pivotal moment in the company's own development, but also validates that China's tech entrepreneurship is progressively advancing toward a new stage centered on original technological innovation. The listing is a milestone achievement, yet also the starting point of a new journey. We look forward to Biren Technology continuing to deepen its technological innovation and playing an increasingly significant role in building the AI ecosystem in China and globally."
Domestic GPU Leader Biren Technology Listed on Hong Kong Stock Exchange
Qiming Venture Partners' portfolio company Biren Technology, a leading domestic GPU developer, successfully listed on the Hong Kong Stock Exchange today, becoming the first company to go public 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. Biren Technology's successful listing makes it the first GPU stock on the Hong Kong market and the largest new share offering since Chapter 18C took effect.
Qiming Venture Partners is the earliest and most steadfast supporter of Biren Tech. Qiming, as a founding investor, led Biren Technology's first round of financing when the company was founded in 2019, and has continued to fund its development since then. Qiming is the company's largest external institutional investor.
Founded in 2019, Biren Technology is a leading provider of general intelligent computing solutions in China. The company adheres to an original core architecture, pioneers the Chiplet-based high-performnace computing chip, has built a technology system featuring software-hardware co-innovation. It is dedicated to fostering a intelligent computing industry ecosystem and aims to serve as a core engine for the development of China's artificial intelligence industry.
Biren Technology has developed the first-generation General Purpose Graphics Processing Units (GPGPU) architecture and a series of hardware based on GPGPU. It has successfully developed the Biren ™106 and Biren ™110 chips as well as the higher-performing Biren ™166 chip. The chips are used in key industries such as AI data centers, telecommunications, AI solutions, energy and public utilities, fintech and internet.
Zhang Wen, Founder, Chairman and CEO of Biren Technology, stated: "Becoming a public company marks a stronger beginning for Biren—and brings greater responsibility. Going forward, we will continue to increase R&D investment, accelerate the development of our fully independent and controllable product stack, and help build a robust, domestic computing ecosystem. Our aim is to enhance the security, stability, and resilience of China's intelligent computing capabilities, driving and enabling high-quality development across the AI sector."
"As a founding investor in Biren Technology's first financing round, we are delighted to have journeyed alongside the company and witnessed this significant milestone of its successful listing. From the outset, Biren Technology chose a challenging yet critical path—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 China's tech entrepreneurship towards a new stage centered on original innovation. The listing is both a phased achievement and the starting point of a new journey. We expect Biren Technology to continue deepening its technological innovation and to play an increasingly significant role in building the AI ecosystem in China and globally," said Alex Zhou, Managing Partner of Qiming Venture Partners.
Past Highlights
Qiming Perspectives | Alex Zhou of Qiming Venture Partners: 2025 Will Be a Breakout Year for AI Applications Dialogue | Biren Technology: High-Performance General-Purpose GPUs Powering China's Large Model Training and Inference | World Artificial Intelligence Conference Qiming Honors | Five Qiming Venture Partners Investors Named to 2025 Forbes China Midas List
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 listed 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 of these companies have become recognized unicorns or super-unicorns.
Many of Qiming Venture Partners' portfolio companies have grown into the most influential companies 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, 00800.HK), HyperStrong (688411.SH), Insta360 (688775.SH), Unisound (09678.HK), Biren Technology (06082.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), Hao Bo Biotech, Yuanxin Technology, MediLink Therapeutics, LaNova Medicines, Zhipu, StepFun, and others.