On January 2, 2026, Biren Technology, a portfolio company of the co-invested sub-funds of Nanjing Venture Capital Group, was officially listed on the Hong Kong Stock Exchange, becoming the "First GPU Stock on the Hong Kong Stock Market". The IPO offering price was HK$19.60 per share, which surged sharply after the opening, with the market capitalization exceeding HK$100 billion. Thus, this GPU enterprise founded in 2019 by Zhang Wen, the former president of SenseTime, has officially filled a key link in China's computing power landscape.

As a leading domestic provider of general-purpose intelligent computing solutions, Biren Technology was established in 2019. With its independently developed Biren™ series GPU products as the core, the company is committed to providing powerful, secure and efficient computing power infrastructure for various industries. At present, Biren Technology has developed the first-generation GPGPU architecture and a series of GPGPU-based hardware, and has successfully launched two chip products, Biren™ 106 and Biren™ 110, as well as the higher-performance Biren™ 166 chip product. The company's business focuses on core tracks such as AI data centers, telecommunications, energy and utilities, financial technology, and the internet, accurately entering scenarios with high computing power demand.

In the future, Biren Technology plans to achieve sustainable development and profitability through a variety of initiatives. On the one hand, it is committed to providing high-quality intelligent computing solutions to meet the growing computing power needs of customers in all walks of life, helping them improve productivity, drive innovation and business transformation. On the other hand, it will adopt a strategy of industry focus and customer-centricity to actively expand large enterprise customers in core vertical industries. Looking ahead, Biren Technology will expand its business and operation scale, and at the same time increase investment in R&D, sales and administration, so as to improve operational efficiency and support long-term sustainable growth.

In January 2021, Nanjing Huaying SME Development Fund Partnership (Limited Partnership), a co-invested sub-fund of Nanjing Venture Capital Group, participated in the Series A financing of Biren Technology. Established on September 9, 2020, Nanjing Huaying SME Development Fund Partnership (Limited Partnership) has a total size of RMB 1.8075 billion, of which the industrial fund managed by Nanjing Venture Capital Group contributed RMB 125 million, accounting for 6.92%. The fund mainly invests in early-stage and start-up growth-oriented small and medium-sized enterprises in information technology-related fields.