china's moore threads advances toward ipo, challenging nvidia's dominance
Beijing, Thursday, 19 June 2025.
moore threads, a chinese gpu company established in 2020, is moving closer to its initial public offering. this development underscores china’s ambition to decrease reliance on foreign gpu tech. despite existing performance disparities with nvidia, moore threads has completed its ipo guidance acceptance. the ipo has the potential to reshape the gpu landscape. the company has already secured over 4.5 billion yuan in funding, positioning itself as a significant player in china’s semiconductor industry. moore threads’ progress marks a pivotal moment for domestic gpu innovation.
ipo progress and market impact
moore threads’ ipo guidance acceptance signals significant progress towards its listing on a public stock exchange [1][4]. the company, often dubbed the ‘chinese nvidia,’ aims to diminish china’s reliance on foreign gpu technology [1][2]. while gaps persist between moore threads and nvidia in computing power and ecosystem, this ipo is a crucial step for china’s domestic semiconductor industry [1]. the move has already stirred market reactions, with related concept stocks experiencing fluctuations [5]. for instance, shares of and-he-tai, which has a stake in moore threads, initially surged, demonstrating the market’s sensitivity to this development [2][5].
analyst perspectives and strategic implications
analysts view moore threads’ potential listing as a landmark achievement for china’s domestic computing power chip sector [2]. wang lingfeng, a senior analyst at jiwei consulting, noted that a successful ipo would mark a milestone for the domestic gpu industry [2]. the ipo aligns with china’s broader strategy to bolster its semiconductor capabilities and reduce dependence on foreign technologies [1]. this strategic push is further supported by government policies that encourage the listing of promising, yet currently unprofitable, tech companies [5]. these policies aim to channel capital into key sectors like ai and aerospace [5].
financial backing and company overview
prior to its ipo attempt, moore threads completed six funding rounds, amassing over 4.5 billion yuan [1][2]. notable investors include sequoia capital china, shenzhen capital group, and tencent investment [1][4]. according to the hurun research institute’s ‘2024 global unicorn list,’ moore threads holds an estimated valuation of 25.5 billion yuan, ranking it 261st globally [1][2]. founded in october 2020, moore threads specializes in designing high-performance gpus [1][4]. zhang jianzhong, the founder and ceo, previously served as nvidia’s global vice president and general manager for china, bringing extensive industry experience to the company [1][2].
partnerships and market collaborations
moore threads has actively forged partnerships with various a-share listed companies to expand its market reach [5]. danghong technology, for example, is collaborating with moore threads to integrate its blackeye multimodal audiovisual large model, creating a professional-grade audiovisual engine [5]. similarly, copper cattle information has established a strategic partnership to explore new applications and business models in intelligent computing power [5]. these collaborations underscore moore threads’ commitment to building a comprehensive ecosystem and enhancing its market competitiveness. such partnerships can be a key indicator of future revenue streams for investors to consider.