According to Bloomberg, Shanghai Biren Technology (Hong Kong stock code 6082) plans to raise approximately HKD 4.04 billion (USD 515 million) to support its artificial intelligence business. The company intends to place 130 million new shares at a price of HKD 31.08 per share, as per documents from the Hong Kong Stock Exchange. This placement price represents a discount of nearly 10% compared to Wednesday's closing price. Bloomberg reports that Biren is one of the GPU developers receiving support from Beijing, and this financing is part of a wave of fundraising among Chinese artificial intelligence companies.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
AI Chip Company Biren Technology Plans to Raise $515 Million
-
Wechat scan to share
Recommended for you
-
BTC Surpasses $82,000
Market data shows that BTC has surpassed $82,000, currently priced at $82,038.65, with a 24-hour increase of 0.31%. The market is experiencing significant volatility, so please ensure proper risk management. -
ETH Surpasses $2400
Market data shows that ETH has surpassed $2400, currently priced at $2400.26, with a 24-hour decline of 1.33%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Surpasses $81,000
Market data shows that BTC has surpassed $81,000, currently priced at $81,016.34, with a 24-hour decline of 1.53%. The market is experiencing significant volatility, so please ensure proper risk management. -
BTC Falls Below $80,000
Market data shows that BTC has fallen below $80,000, currently priced at $79,940.09, with a 24-hour decline of 3.44%. The market is experiencing significant volatility, so please ensure proper risk management. -
Philadelphia Semiconductor Index Set to Lose Over $2 Trillion in Market Value in Seven Trading Days
The Philadelphia Semiconductor Index is poised to evaporate over $2 trillion in market value within seven trading days. -
Philadelphia Semiconductor Index Drops 4% to Lowest Level in Nearly a Month
The Philadelphia Semiconductor Index fell by 4.01% during the day, currently reported at 11,215.37 points. Nvidia dropped by 3.25%, Broadcom fell by 2.87%, Micron decreased by 5.79%, Intel declined by 5.81%, AMD dropped by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML decreased by 3.34%. -
Philadelphia Semiconductor Index Falls 4% to Lowest Level in Nearly a Month
The Philadelphia Semiconductor Index dropped 4.01% during the day, currently reported at 11,215.37 points. Nvidia fell by 3.25%, Broadcom by 2.87%, Micron by 5.79%, Intel by 5.81%, AMD by 6.28%, Qualcomm rose by 0.66%, TSMC fell by 4.37%, and ASML dropped by 3.34%. -
Ripple Prime Launches Perpetual Contract Trading Services for Institutional Clients
According to Bloomberg, Ripple's main brokerage division, Ripple Prime, is launching perpetual contracts for real-world assets (RWA) aimed at institutional clients, covering over 100 reference markets including stocks, indices, ETFs, and commodities. This product is offered through Trade.xyz on Hyperliquid, continuing Ripple Prime's previous initiative to provide clients with access to cryptocurrency perpetual contract trading. -
NYC Comptroller Urges Anthropic to Pause IPO Plans
On October 15, New York City Comptroller Mark Levine stated in an interview that he has written to Anthropic CEO Dario Amodei, urging the company to suspend its planned initial public offering (IPO). In the letter, he called for Anthropic to pause its IPO plans until it can fully and transparently address concerns related to AI safety, governance, and development that the company itself has raised. Levine wrote that the company should focus on mitigating these risks rather than advancing the IPO. Currently, New York City has an investment exposure of less than $10 million in Anthropic through the private market. -
US September PPI Rises 6.3% Year-on-Year, Exceeding Market Expectations
The US Producer Price Index (PPI) for September recorded a year-on-year increase of 6.3%, the highest since May 2026, surpassing market expectations of 5.3%. The month-on-month PPI for September was reported at 1.3%, significantly higher than the market forecast of 0.5%. Additionally, US retail sales for September showed a month-on-month increase of 0.8%, also exceeding market expectations.
Daily Must-Read
-
KeyFlow: As AI Agents Enter Large-Scale Collaboration, Value Flow Is Becoming a New Foundation of the Intelligent Economy
-
OpenAI Just Gave Agents Their Own Computers: AI Is Finally Starting to “Go to Work” — and UniKey’s Next Step Is Bigger Than Agent Factory
-
Breaking the Monopoly of Market Makers: DMDAI’s Autonomous AI Hash Power Network and Distributed Computing Infrastructure Open the Door to Community-Driven Market Making
-
Rebuilding On-Chain Liquidity Sovereignty: How the COMM Protocol Tackles LVR Losses and Captures Cash Flow for the Community
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
All Comments