China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placement

T2Covered by 1 source · first reported by China: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone at 08 Oct, 08:31 UTC

Shares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock…

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Sources

• T2China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placementChina: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone08 Oct, 08:31