Unisound Celebrates Successful IPO on Hong Kong Stock Exchange
Deal News | Jun 30, 2025 | PR Newswire Cision Qiming Venture Partners
Unisound, a pioneering AI company in China and portfolio company of Qiming Venture Partners, successfully debuted on the Hong Kong Stock Exchange (HKEX) under the ticker SEHK:9678. The IPO issued shares at HK$205.00 each, valuing the company at a market capitalization of HK$14.545 billion. Qiming Venture Partners, an early investor since Unisound’s Series A round in 2013, has supported the company's growth through subsequent funding rounds. Unisound specializes in conversational AI products for everyday and healthcare applications and has developed advanced technologies such as UniCore and UniGPT that drive its AI platform UniBrain. Dr. Huang Wei, Unisound's CEO, sees the IPO as recognition of China's AI commercialization, emphasizing continued investment in AI infrastructure and global expansion. Duane Kuang of Qiming Venture Partners highlighted Unisound’s IPO as a milestone in the industrialization of AI in China. Founded in 2006, Qiming Venture Partners manages significant funds, backing hundreds of companies in the technology and healthcare sectors.
Sectors
- Technology
- Financial Services
- Healthcare
Geography
- China – Both Unisound and its investor, Qiming Venture Partners, are based in China, and the article discusses advancements in Chinese AI technology.
- Hong Kong – Unisound's IPO took place on the Hong Kong Stock Exchange, making this geography directly relevant to the financial event discussed.
Industry
- Technology – The article focuses on Unisound, an AI company, and the technological advancements it offers, particularly in AI and machine learning.
- Financial Services – The article discusses Unisound's IPO and financial metrics, which are critical aspects of the financial services industry.
- Healthcare – Unisound develops AI solutions for healthcare-related applications, showcasing its impact in the healthcare sector.
Financials
- HK$205.00 – The IPO issue price per share for Unisound.
- HK$14.545 billion – Unisound's market capitalization upon listing on the Hong Kong Stock Exchange.
- $9.5 billion – The total capital managed by Qiming Venture Partners as stated in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Unisound | Target Company | Company | An AI company specializing in conversational AI products for everyday life and healthcare applications, recently listed on the HKEX. |
| Qiming Venture Partners | Investor | Company | A venture capital firm that has supported Unisound since its Series A funding round. |
| Huang Wei | CEO | Person | Co-Founder and CEO of Unisound, advocating for continuous investment in AI technology and expansion. |
| Duane Kuang | Founding Managing Partner | Person | A representative of Qiming Venture Partners, reflecting on their investment in Unisound. |
| Hong Kong Stock Exchange | Listing Exchange | Company | The financial exchange where Unisound's IPO took place. |