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Moore Threads reports H1 revenue up 147% YoY to ~$258M, a net loss of $1.72M, says it plans a Hong Kong listing, after its stock surged 420%+ since Shanghai IPO (Bloomberg)
Moore Threads, a Chinese AI chipmaker, reported $258M in H1 revenue (up 147% YoY) and a narrow net loss of $1.72M, and announced intentions to pursue a Hong Kong listing following a 420%+ stock surge since its Shanghai IPO.
Aug 10, 2026
Sources: Shanghai-based GPU maker MetaX confidentially filed for a Hong Kong listing, targeting an IPO by the year-end, amid a surge of fundraising from rivals (Zoe SL Chan/South China Morning Post)
Shanghai-based GPU maker MetaX confidentially filed for a Hong Kong IPO targeting year-end listing, joining a wave of Chinese AI chip startups raising capital amid national self-reliance goals.
Jul 24, 2026
Alibaba open-sources its chip software, following similar plays from Huawei and Moore Threads, as Chinese GPU makers try to break the dominance of Nvidia's CUDA (Ann Cao/South China Morning Post)
Alibaba's chip unit T-Head open-sourced its AI chip software stack to reduce developer dependency on Nvidia's CUDA ecosystem, positioning Zhenwu as an alternative AI computing architecture amid broader Chinese efforts to achieve semiconductor software sovereignty.
Jul 19, 2026