China's largest independent token factory, silicon-based liquidity, launches Hong Kong stock IPO According to Beating monitoring, Beijing AI infrastructure startup Silicon Flow submitted a listing application to the Hong Kong Stock Exchange yesterday, intending to list on the main board of the Hong Kong Stock Exchange in accordance with Chapter 18C Special Technology Company Rules, with Huatai International and Haitong International as joint sponsors. Silicon based Mobility was founded on August 29, 2023, headquartered in Haidian, Beijing. It is a third-party "token supplier" that offers solutions such as API services, dedicated instances, enterprise level MaaS platforms, and large model all-in-one machines. Yuan Jinhui, its founder and CEO, learned from Academician Zhang Bo, the founder of China's artificial intelligence. In July 2008, he obtained a doctorate degree in engineering from the Department of Computer Science of Tsinghua University. He once served as a research fellow in charge of Microsoft Research Asia, and chose to leave in 2016 to start his own business. Due to not yet meeting the revenue threshold for commercial companies under Chapter 18C of the Hong Kong Stock Exchange, silicon-based liquidity is applying for listing as an "non-commercial company". As of now, the scale, issue price, and proposed fundraising amount of this Hong Kong stock issuance by Silicon Flow have not been disclosed. According to Frost&Sullivan data, silicon-based mobility is the largest independent ecological morpheme supplier in China, ranked among the top five among all morpheme suppliers in China, based on the annual morpheme throughput by 2025. As of April 30, 2026, the registered users of the silicon-based mobile platform exceeded 10 million, and the average daily keyword throughput in April 2026 was about 578.5 billion, with a daily peak of about 1.07 trillion. As of the final feasible date, the company has served over 13000 corporate clients and the platform supports over 170 models. Since December 2023, silicon-based liquidity has completed 7 rounds of pre IPO financing. Its investors include Alibaba, Hubble Technology, Innovation Works, Yaotu Capital, PwC Capital, Jiyuan Capital, Zhipu Huazhang, etc. Among them, Alibaba is the leading investor in its Pre-A and Series A financing rounds. In June of this year, silicon-based mobile announced that it had completed over 2 billion yuan in Series B financing, with industrial capital such as Ctrip Investment, Weiren Investment, NIO Capital, SenseTime Investment, and Zhongguancun Science City injecting funds. https://mp.weixin. (qq. com)/s/x2gpR_aIXAmericaatxEKwNJ5A [Original link]