Biren Technology

Headlines · 2

1. 13h
   Hong Kong stocks fall; Hang Seng Tech drops 2.89% as MiniMax, Zhipu slide

   Hong Kong shares closed lower on October 8, with the Hang Seng Index down 1.43% and the Hang Seng Tech Index down 2.89%. Semiconductors led the decline: Biren Technology fell more than 11%, Hua Hong Semiconductor more than 9%, and SMIC and Montage Technology more than 6%, while AI model names MiniMax-W dropped over 13% and Zhipu over 7%. Coal and oil/petrochemical shares gained, and southbound flows recorded a net buy of HK$6.477 billion.

   36氪快讯 · 🔥 7
2. 18h
   AI chipmaker Biren raises ~$515M in another share sale

   Shanghai-based AI chipmaker Biren Technology aims to raise HK$4.04 billion (~$515 million) in a new share sale to help fund its artificial intelligence ambitions, according to a filing reported by Bloomberg. The move adds to a recent fundraising spree among Chinese AI companies. Biren's Hong Kong-listed stock is down more than 50% from a June peak but up roughly 70% year to date.

   Bloomberg Technology · 🔥 12

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