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#35 by ARRBeijing, Chinakunlunxin.com ↗

Kunlunxin

FY2025 revenue about RMB 3.5B (~$487M at 7.19), breakeven, per reports on its Hong Kong IPO filing (Jun 2026). Baidu's AI chip subsidiary with outside investors (CNY 21B / ~$3B round, Dec 2025). Confidential HK filing Jan 2026; IPO now expected in 2027 at up to $50B (Caproasia, Nov 7 2026). Added Nov 10 2026 (Ryan: more China AI firms over $100M).

AI chips
ARR
$487M
as of Dec 2025
Employees
—
Valuation
$3B
6.1× ARR
ARR / employee
—
revenue efficiency

Investors · 20

InvestorBaidu VenturesCorporate18 partners on file
InvestorBeijing Artificial Intelligence Industry Investment FundVenture capital
InvestorBYDVenture capital14 partners on file
InvestorCITIC PEVenture capital
InvestorCITIC Securities Investment (中信证券投资)Venture capital
InvestorCPE YuanfengVenture capital
InvestorEDBISovereign fund16 partners on file
InvestorGGV CapitalVenture capital1 partner on file
InvestorHaifu Industrial FundVenture capital
InvestorHecheng Fund (China Mobile)Venture capital
InvestorIDG CapitalVenture capital54 partners on file
InvestorLegend CapitalVenture capital3 partners on file
InvestorLinxin InvestmentVenture capital
InvestorNorthern Light Venture CapitalVenture capital3 partners on file
InvestorQianshan CapitalSovereign fund
InvestorShanxi Securities InvestmentVenture capital
InvestorShunxi Private Equity Fund ManagementVenture capital
InvestorSinovation VenturesVenture capital16 partners on file
InvestorSunic CapitalVenture capital
InvestorZhongguancun Science City Innovation DevelopmentVenture capital
125 partner contacts across these firms, emails and LinkedIn are in Investor Contacts for paid members.

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