The company recently secured 700 million yuan, roughly $103.79 million, in a July funding round that valued the business at 8 billion yuan. To manage the upcoming listing, Kiwimoore has tapped CITIC Securities and ABC International as lead underwriters. Neither the firm nor the banks have provided official comments regarding the move.
Founded in 2021, the company develops specialized networking components designed to connect AI accelerators within computing clusters. Its growth strategy aligns with Beijing’s aggressive push for domestic semiconductor self-sufficiency, a pivot accelerated by U.S. export restrictions on advanced chip technology. By positioning itself at the center of China’s AI supply chain, Kiwimoore seeks to capitalize on the widening gap between domestic demand and foreign-sourced hardware.
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