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China AI chip firm Biren to launch Hong Kong IPO in coming weeks, sources say
Yahoo Finance· 2025-12-16 03:40
BEIJING/HONG KONG, Dec 16 (Reuters) - Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of ​the matter said. The IPO could raise $300 million, local Chinese media reported. One of the sources ‌confirmed the number to Reuters. The Shanghai-based company, along with other domestic rivals, is banking on rapid growth as China seeks to develop ‌domestic alternatives to U.S. semiconductors amid stringent export restrict ...