Public information shows that Moore Threads’ shareholder lineup is nothing short of "all-star," including tech giants such as Tencent (00700) and Lenovo (00992), as well as multiple industrial capital firms. Among them, Lenovo Group holds 1.9234 million shares of Moore Threads through its subsidiary, Lenovo Yangtze River Industrial Fund, accounting for a 0.58% stake, making it one of the company’s early core strategic investors.
On December 5, 2025, a leading domestic GPU company $Moore Threads Technology (688795.SH)$officially listed on the STAR Market. On its first trading day, the stock opened with a surge of 468%, reaching RMB 650 per share, with a total market capitalization surpassing RMB 305.5 billion. At this opening price, the profit from subscribing to one lot (500 shares) is close to RMB 270,000, making it one of the most profitable new stocks of the year.
As the first A-share listed company primarily engaged in full-function GPU business, Moore Threads focuses on the research, design, and sales of GPUs and related products, committed to building a diversified product portfolio covering AI computing, high-performance computing, and graphics rendering. The company issued 70 million new shares in this public offering, raising a total of nearly RMB 8 billion. The proceeds will mainly be used for the development of next-generation self-controlled AI training-inference integrated chips, graphics chips, AI SoC chips, and supplementing working capital, further consolidating its core competitiveness in the domestic computing power sector.
Public information reveals that Moore Threads' shareholder lineup can be described as an 'all-star' team, including $TENCENT (00700.HK)$、 $LENOVO GROUP (00992.HK)$ major technology giants and several industrial capital firms. Among them, Lenovo Group, through its subsidiary Lenovo Yangtze River Industrial Fund, holds 1.9234 million shares of Moore Threads, representing a stake of 0.58%, making it one of the company's early core strategic investors. Lenovo's investment not only reflects its confidence in the development of domestic GPU technology but also lays the foundation for deeper cooperation between the two parties in cloud computing, data centers, and PC terminals.
Additionally, according to exchange announcements, one of the "four小龙 (young dragons)" of domestic GPUs,$MetaX Integrated Circuits (688802.SH)$, also commenced its subscription today. The prospectus shows that Lenovo Group began participating in the company’s Series A financing round in 2021. Currently, Lenovo Small and Medium Enterprises and Lenovo Haihe collectively hold 3.5429 million shares, representing a stake of 0.98%.
Zheshang Securities stated that as an important partner of the two companies, Lenovo Group's cooperation covers multiple dimensions such as products and channels, positioning it as a key participant in the expansion of domestic computing power supply.
Tencent, through its investment arm (Tencent Venture Capital Co., Ltd.), became a shareholder of Moore Threads in November 2021 during the company’s early financing rounds. This investment helped increase the registered capital of Moore Threads to approximately RMB 22.6258 million. Other major shareholders include ByteDance (through its wholly-owned subsidiary Beijing Quantum Leap), Shenzhen Capital Group, Sequoia China, and China Mobile Fund.
Editor/Rocky
