SiliconFlow Submits Hong Kong IPO Filing, Reported RMB 55.3M Revenue in 2025

According to Cailianshe, SiliconFlow, a Beijing-based AI infrastructure startup offering pay-per-token access to AI models, filed for Hong Kong Main Board listing under Chapter 18C. The company reported revenue of RMB 55.3 million (US$8.13 million) in 2025, up from RMB 7.3 million (US$1.08 million) in 2024, though its annual loss widened to RMB 345 million (US$50.8 million) as R&D spending reached RMB 209 million (US$30.8 million).

SiliconFlow has completed seven funding rounds from investors including Alibaba, Huawei, Meituan, and Zhipu AI, reaching a valuation of RMB 7.7 billion (US$1.14 billion) in its B+ round.