Tencent-backed DPU chip company has filed to list on the ChiNext board, and the “cake” of domestic compute infrastructure is getting more and more lively—losses also need to grab a spot first.

Biejie.com news: Shenzhen Cloud Leopard Intelligent Co., Ltd. (abbreviated as “Cloud Leopard Intelligent”), in which Tencent has heavily invested, has had its ChiNext (GEM) IPO application accepted by the Shenzhen Stock Exchange, becoming yet another company aiming to be the “No. 1 DPU stock in China.” Cloud Leopard Intelligent focuses on the DPU track. Its founder, Xiao Qiyang, earned a PhD from Stanford University. In just a few short years, the team has risen rapidly and developed China’s first high-performance, general-purpose programmable DPU SoC chip. According to the prospectus, Cloud Leopard Intelligent expects revenue for 2023, 2024, and 2025 to be 170k, 36.35 million, and 370 million yuan, respectively. Although revenue in 2025 will increase by more than 900% year over year, it is still operating at a loss. Tencent has become the largest shareholder of Cloud Leopard Intelligent, with a shareholding ratio of 19.7792%.