#China #Shanghai #AI Technology #Qiming Venture #Unisound

Unisound Successfully Lists on the Hong Kong Stock Exchange

On June 30, 2025, Beijing time, Unisound has marked a significant milestone by successfully debuting on the Hong Kong Stock Exchange under the ticker SEHK9678. This momentous event highlights the growing recognition of China's prowess in AI technology commercialization. The company's shares were issued at HK$205.00 each, ultimately valuing Unisound at approximately HK$14.545 billion.

A Journey Fueled by Investment

Unisound, known for pioneering the industrial application of AI technologies in China, has been under the wings of Qiming Venture Partners for nearly a decade. Qiming first invested in Unisound during its Series A funding round back in 2013 and continued supporting its growth through subsequent rounds, including Series B and D1. This reliable backing has enabled Unisound to innovate and excel in developing AI products that serve various sectors, especially in healthcare.

Founded in 2012, Unisound is dedicated to building conversational AI solutions tailored for everyday life and healthcare applications. The company prides itself on empowering numerous clients, including over 100 hospitals and major insurance providers, through user-centric AI technologies that enhance operational efficiency, streamline processes, and improve decision-making capabilities.

Innovations and Breakthroughs

In tandem with its expansion, Unisound has significantly invested in research and development, honing its product capabilities. In 2019, it launched UniCore, which was its first BERT-based large language model, serving as the core algorithm for its central technology platform, UniBrain. Recently, in 2023, Unisound introduced a more advanced algorithm, UniGPT, featuring an impressive 60-billion-parameter large language model that supports generative multilingual and multimodal functionalities. This cutting-edge technology enables enhanced human-machine interactions characterized by dynamic reasoning and robust processing of data across various formats.

Dr. Huang Wei, Co-Founder and CEO of Unisound, expressed his excitement regarding the IPO, stating, "This IPO represents strong market recognition of China's AI technology commercialization and a meaningful step forward in the industrialization of AI technology. We will continue to invest in core AI infrastructure and model development while nurturing talent and strategically expanding globally to bring our advanced technologies to international markets."

The Future of AI in China

Duane Kuang, Founding Managing Partner of Qiming Venture Partners, shared his enthusiasm as well, noting, "As an early investor, we are thrilled to witness Unisound's remarkable progress from technological exploration to a successful IPO. This listing marks a new chapter and underscores the immense strides made in AI's industrialization in China. We are eager to support Unisound as it continues to innovate, attract talented individuals, and showcase the strength of Chinese AI firms."

Furthermore, Qiming Venture Partners, established in 2006, currently oversees eleven US Dollar funds and seven RMB funds, aggregating an impressive $9.5 billion in capital. The firm has a proven track record, backing over 580 fast-growing companies, with more than 210 achieving exits through IPOs or mergers and acquisitions. With its commitment to scouting for innovative companies, Qiming has played an essential role in propelling numerous startups to success, including now-prominent names like Xiaomi, Meituan, and Bilibili.

As Unisound embarks on this new chapter as a publicly traded entity, it positions itself and its investors to capitalize on the expansive opportunities that the fast-evolving AI industry presents. This move not only marks a significant accomplishment for Unisound but also reinforces China's growing influence in the global AI landscape.