The Four Dragons

China’s Domestic GPU Challengers

“The Four Dragons” refers to Moore Threads, MetaX, Biren, and Enflame, four China-based GPU and AI compute platforms.
They differ by software stack, customer access, and capital-markets path. Open a profile below.

The Four Dragons

China domestic GPU challengers

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Moore Threads

SSE:688795

China-based GPU designer with MUSA software stack, selling AI compute and graphics cards for local clouds and data centers amid export curbs.

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Enflame Technology

IPO outstanding

Shanghai AI chip maker supplying accelerator cards and cluster systems to China clouds, built around the TopsRider stack and GCU interconnect fab

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Biren Technology

HKEX:6082

Shanghai AI GPU designer behind BirenSUPA, selling BR-series accelerators and systems to China data centers after its Jan 2026 HKEX IPO debut.

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MetaX

SSE:688802

Shanghai GPU maker behind MXMACA, shipping C-series data center GPUs and N-series inference chips, backed by its 2025 STAR IPO for China cloud AI