SiliconFlow

SiliconFlow, founded in Beijing in August 2023 by Yuan Jinhui (a Tsinghua PhD, former MSRA lead researcher and creator of OneFlow), operates China's largest independent inference platform. Its SiliconCloud MaaS platform and SiliconLLM inference engine aggregate NVIDIA, AMD, Ascend, MetaX and Moore Threads compute into standardised token services covering 170+ models. By April 2026 daily token throughput reached 578.5 billion with peaks above 1.07 trillion; the platform serves over 10 million registered users and 13,000 enterprise customers. Ranked first among China's independent ecosystem token suppliers by 2025 throughput, the company filed for a Hong Kong 18C listing on 30 June 2026 and raised over RMB 2 billion in a Series B at a RMB 7.74 billion post-money valuation in the same month, completing further B+ and C tranches later in 2026.

• 01Filed for a Hong Kong 18C listing on 30 June 2026, aiming to become the 'AI token factory first stock' in HK; per its prospectus 2025 revenue was RMB 55.33 million (+653% YoY) with a net loss of RMB 345 million.
• 02Raised over RMB 2 billion in a June 2026 Series B at a RMB 7.74 billion post-money valuation; investors include Alibaba, Huawei Hubble, Innovation Works, Meituan-affiliated funds, SenseTime, Ctrip, Himalaya-affiliated energy and China Unicom capital.
• 03Daily token throughput reached 578.5 billion by April 2026 (single-day peak above 1.07 trillion), ranking first among China's independent ecosystem token suppliers.

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