The Hong Kong stock market will usher in the “first GPU share”, and the AI chip Unicorn Bijiao Technology has completed the overseas listing registration

Zhitong Finance App learned that on December 15, the official website of the China Securities Regulatory Commission showed that Shanghai Bijiao Technology Co., Ltd. (hereinafter referred to as “Bijiao Technology”) obtained an overseas listing filing notice. Bijiao Technology plans to issue no more than 372,458,000 common shares and list them on the Hong Kong Stock Exchange. If successfully issued and listed, Bijiao Technology is expected to become “the first GPU stock in the Hong Kong stock market”.

Bijiao Technology is a provider of general intelligent computing solutions in China. With self-developed Bilio™ series GPU products as the core, it provides powerful, safe and efficient computing power infrastructure for various industries. Industry insiders believe that the Hong Kong stock IPO marks a new stage of development for Bizao Technology, which will help broaden capital market financing channels, further consolidate its leading position in the industry, continue to enhance product technology competitiveness and innovation capabilities, and improve the level of corporate governance. At the same time, Hong Kong stocks have become an important platform for Chinese science and innovation enterprises to enter the international capital market. Bijiao Technology has significant industry scarcity in Hong Kong stocks, which will effectively fill the gap in the Hong Kong GPU circuit and provide new options for Hong Kong stock investors to lay out the Chinese AI industry chain.

According to official data, since its establishment in 2019, Bijiao Technology has adhered to the original core architecture, pioneered Chiplet's large computing power chip, built a technical system of software and hardware collaborative innovation, and is committed to building a domestic intelligent computing industry ecosystem and becoming the core engine for the development of China's artificial intelligence industry.

As a leading enterprise in the domestic general GPU field, advanced technology is the core competitiveness of Bijiao Technology. As of June 30, 2025, Bijiao Technology has applied for nearly 1,200 patents and obtained more than 430 patent authorizations in many countries and regions around the world, ranking first among China General GPU companies. Bijiao Technology won the SAIL Award, the highest award at the World Artificial Intelligence Conference twice, and was the first to complete the commercial deployment of optical interconnection technology. Bijiao Technology products have been used in key industries such as AI data centers, telecommunications, AI solutions, energy and utilities, fintech and the Internet, and have been deployed on a large scale in many intelligent computing clusters across the country to effectively support the computing power requirements of core application scenarios such as large-scale model training, inference services, and scientific research and innovation.

Thanks to a sound financial system, an international investor structure, and diversified financing instruments, Hong Kong stocks have become an important channel for international financing for Chinese technology companies. As of December 11, 2025, the amount of IPOs raised by Hong Kong stocks during the year, with 100 IPOs raised more than HK$270 billion in total. Furthermore, the amount of refinancing of Hong Kong stocks during the year reached HK$290 billion, more than the previous two years combined, and most of the capital raised went to the AI, robotics and other technology industries.

According to CICC's analysis, a series of reform measures in the Hong Kong stock market in recent years are expected to attract more capital inflows and achieve a positive two-way cycle of capital between high-quality companies. As a benchmark innovative enterprise in the domestic GPU field, Bizao Technology's listing in Hong Kong not only meets the market's requirements for the allocation of hard technology assets, but the company will also use this as an opportunity to continue to further develop GPU core technology research and development, help build domestic computing power infrastructure, and contribute an important role to China's participation in global technology competition.