Proud to announce that C Capital portfolio company Biren Technology has successfully listed on the Hong Kong Stock Exchange. This marks the 8th IPO of a C Capital portfolio company and our first IPO in 2026.

Biren Technology shares performed strongly on debut, closing at HK$34.46, representing a 75.82% increase on day one, and valuing the company at approximately US$10.5 billion at market close.

C Capital has steadily deepened its commitment to Biren Technology , having led its Series B financing in 2021 and continuing to support the company through subsequent stages of growth. From an early stage, we have consistently believed in Biren Technology’s ability to empower industries, reshape consumer experiences, and redefine high-performance computing, while leveraging our industrial resources to support its long-term development.

Biren Technology’s flagship general-purpose GPU, BR100, set a new global computing performance record, marking the first time a Chinese company has broken the world record in general-purpose GPU computing.

BIren Technology’s successful listing is a strong validation of C Capital’s investment philosophy: focusing on world-class technology leaders, conducting deep technical and industrial due diligence, providing long-term strategic and industrial support, and backing founders with conviction through every stage of growth.

We congratulate Biren Technology on this extraordinary milestone and wish the company continued breakthroughs in AI computing and GPU technology.