{"id":158521,"date":"2026-10-08T08:31:26","date_gmt":"2026-10-08T08:31:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=158521"},"modified":"2026-10-08T08:31:26","modified_gmt":"2026-10-08T08:31:26","slug":"chinas-ai-chipmaker-biren-tumbles-12-as-it-seeks-us510-million-in-share-placement","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=158521","title":{"rendered":"China\u2019s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placement"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostShares 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.<br \/>\nThe sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a \u201cbest effort\u201d basis to issue 130 million new shares at HK$31.08 apiece.<br \/>\nThe offering&#8230;<a href=\"https:\/\/www.scmp.com\/tech\/tech-trends\/article\/3370177\/chinas-ai-chipmaker-biren-tumbles-12-it-seeks-us510-million-share-placement?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostShares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/158521"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=158521"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/158521\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=158521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=158521"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=158521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}