嘉御资本：期待壁仞科技以上市为新起点，持续引领国产GPU技术创新

Core Viewpoint - Biran Technology is a significant platform enterprise in the AI infrastructure sector, marking its official listing on the Hong Kong Stock Exchange on January 2, 2026, under the stock code "6082," becoming the first GPU stock in Hong Kong and filling a gap in the AI computing hardware field in the region [4]. Investment and Market Position - Since its establishment, Biran Technology has attracted a prestigious lineup of investors, including top financial institutions, diverse industrial capital, semiconductor-focused funds, and well-known state-owned investment platforms [5]. - Jia Yu Capital is both an investor in Biran Technology and the first company to file for an IPO in Hong Kong in 2026, indicating a strong interest in the AI sector [6]. Strategic Insights - Jia Yu Capital's Chairman, Wei Zhe, praised the leadership of Zhang Wen, the founder and CEO of Biran Technology, for demonstrating exceptional determination and execution in the high-end GPU sector. The company has successfully transitioned from a domestic focus to an international market presence [7]. - The listing is expected to attract a robust international cornerstone investor base, reflecting confidence in Biran Technology's technological path and future prospects, while also enabling the company to pursue flexible refinancing and strategic acquisitions in overseas capital markets [7]. Future Outlook - Biran Technology is positioned as a key player in the AI infrastructure landscape, focusing on computing power, storage, and transmission capabilities. The company aims to drive the adoption of affordable AI solutions in China [8]. - The company is anticipated to continue leading innovation in domestic GPU technology, supported by Jia Yu Capital and industry partners, to facilitate breakthroughs in next-generation domestic AI alternatives [8].