Huawei Spin-off FusionServer Files for IPO After Revenue Hits ¥40B

Edgen Stock·Jan 07 2026, 04:00

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Key Takeaways

FusionServer, a rapidly growing computing infrastructure provider spun off from Huawei, has officially started the process for a public listing in China. The move follows a period of explosive revenue growth and a recent funding round that attracted significant institutional investment, signaling strong market confidence in its position within the AI and data center supply chain.

FusionServer filed for an IPO in China on January 6, 2026, with CITIC Securities acting as the counseling institution.
The company's revenue grew from over ¥10 billion in 2022 to exceed ¥40 billion in 2024, with a target of ¥50 billion for 2025.
A pre-IPO funding round on November 7, 2025, brought in 10 new institutional investors and saw listed company Oriental Pearl Group invest ¥499 million to acquire shares.

FusionServer Targets Public Listing After Revenue Exceeds ¥40B

FusionServer Digital Technology Co., a computing power provider spun out of Huawei's former x86 server business, initiated its journey to the public markets on January 6, 2026. The company submitted its IPO counseling and备案 filing with the Henan office of the China Securities Regulatory Commission, appointing CITIC Securities as its advising institution. Founded in September 2021, FusionServer has quickly established itself as a major force in China's computing infrastructure sector.

The filing comes on the heels of spectacular financial performance. The company's revenue grew from over ¥10 billion in 2022 to more than ¥28 billion in 2023, before crossing the ¥40 billion mark in 2024. For 2025, FusionServer chairman Liu Hongyun has set a revenue target exceeding ¥50 billion. This growth has cemented its market dominance, securing the number one market share in China's standard liquid-cooled server segment for two consecutive years.

Pre-IPO Funding Attracts 10 New Institutions

Investor confidence in FusionServer's trajectory was evident in a major funding round completed on November 7, 2025. The company onboarded 10 new institutional backers, including several venture capital funds linked to the Zhengzhou Airport Economy Zone, while also securing additional capital from existing shareholders. The company's controlling shareholder is currently Henan Super Fusion Technology Co., which holds a 31.38% stake.

Publicly listed companies are also positioning themselves for the IPO. Oriental Pearl Group, a media and entertainment conglomerate, invested a total of ¥499 million through two specialized funds with the express purpose of acquiring equity in FusionServer. This pre-listing institutional demand underscores the market's high expectations for the company as it prepares to go public and further capitalize on the demand for AI and data center computing power.