The leading AI company has become a stock to watch in the Chinese Star Market.
On January 5, Nanjing Cambricon Xingge (Chinese:寒武纪行歌科技有限公司), which is 100% owned by Cambricon Technology, was established with a registered capital of CNY 30 million. The business scope of the new-established company includes AI software development, AI base platform operation, and AI algorithm research.
On July 20, 2020, Cambrian was officially listed on the Star Market of Shanghai Stock Exchange (688256: SH) with an issue price of CNY 64.39 per share. Its market capitalization once reached CNY 100 billion after listing. The company focuses on the field of AI chip, providing customers with a series of high-end AI chip products and technical support services. It continues to invest in research and new product development. According to the financial report, its R&D expenses in 2019 reach CNY 2.04 million. Now, it still is a popular company in Star Market.