According to the website of the China Securities Regulatory Commission (CSRC), the Supercomputing Consortium, a computing power enterprise carved out from Huawei, has successfully concluded its initial public offering (IPO) counseling phase. Leveraging data from 2024, Great Wall Strategy Consulting has projected its post-investment valuation to be around US$8.9 billion (approximately 290 billion yuan, considering the exchange rate and for the ease of understanding Chinese readers), cementing its status as a formidable player in the tech arena.
