Yinggu Technology, a leading Chinese company in display chip design, successfully listed on the Hong Kong Stock Exchange.
On May 27, 2026, Beijing time, Visionox Technology Co., Ltd., an enterprise invested by Qiming Venture Partners and a leading Chinese display chip design company, successfully listed on the Hong Kong Stock Exchange. Thus, Qiming Venture Partners welcomed its sixth IPO of the year. The issue price of Visionox Technology (03310.HK) was HK$20.81 per share, and the opening price was HK$25.48 per share, with a market value of HK$10.9 billion.
As early as 2019, Qiming Venture Partners led the Series C financing of Visionox Technology and continued to support the company's development in the subsequent Series D financing.
Zhou Zhifeng, the managing partner of Qiming Venture Partners (left), Gu Jing, the chairman and CEO of Visionox Technology (middle), and Chen Nan, the executive director of Qiming Venture Partners (right)
Visionox Technology was founded in 2012 and is committed to providing reliable and high - performance display driver solutions for consumer electronics brand companies. The company adopts the Fabless business model and provides AMOLED display driver chips mainly used in smartphones and Micro - OLED display backplanes/drivers mainly used in VR/AR devices. After years of technology accumulation and product iteration, Visionox Technology has firmly occupied a core position in the display driver chip industry. It is not only the first AMOLED display driver chip enterprise in mainland China to pass the certification of brand customers, but also the only mainland manufacturer with a cumulative shipment of more than ten million chips to brand companies.
Visionox Technology's AMOLED display driver chips have been mass - produced and shipped to many mainstream smartphone brand manufacturers around the world, and are applied to more than 10 product series. The cooperative brands together account for more than a quarter of the global smartphone market share. According to the Frost & Sullivan report, based on the sales volume in 2024, Visionox Technology is the fifth - largest supplier in the global smartphone AMOLED display driver chip market and the largest supplier in mainland China. Its sales volume of Micro - OLED display backplanes/drivers ranks second in the world, and it is also the largest independent supplier headquartered in China in this field.
Zhou Zhifeng, the managing partner of Qiming Venture Partners, said: "In 2019, the Chinese semiconductor industry was in a period of rapid growth, and the Chinese mobile phone industry had taken the global leading position. Tracing back from the downstream terminal demand, the display chip track had strong industrial logic and growth space. At that time, Visionox Technology focused on the main business of display driver chips, which was highly in line with our investment logic and was a high - quality niche track that we were very optimistic about. In the seven years of working with Visionox Technology, Qiming Venture Partners has accompanied the enterprise all the way with a long - term perspective and jointly supported the enterprise to reach the IPO. To date, Qiming Venture Partners' investment strategy has become more and more focused, insisting on in - depth exploration within the established circle of capabilities and steadily carrying out investment layout. In the technology investment track, Qiming Venture Partners has long been firmly committed to two core investment themes: First, as a General Purpose Technology, artificial intelligence will surely reshape all industries; Second, China's top - notch product design, engineering R & D and advanced manufacturing capabilities have world - class competitiveness. Relying on these two main lines, we will focus on two major directions: AI technology and industrial applications, and hard technology."