On November 13, Shanghai Lingrui Zhixin Computing Technology Co., Ltd. (hereinafter referred to as "Lingrui Zhixin") announced the completion of a financing round worth hundreds of millions of yuan Pre-A. The round was led by Meituan's strategic investment, with participation from JD.com-affiliated funds, Ganbei Fund, SenseTime Guoxiang Capital, SAIC's Shangqi Capital, and DeepSec Industry Fund Amber Capital, among others.

Lingrui Zhixin was established at the beginning of 2025 and has since raised nearly 1 billion yuan in total financing. The valuation for this round of financing has not been disclosed.

Lingrui Zhixin develops server-level RISC - V CPU kernel and processor products. Compared with the previous round of financing in July, this round has seen the addition of Meituan, JD-related funds, and several industrial investment institutions.

Meituan has also recently appeared on the financing list of another computing power chip company. In late October, Shenzhen Jiutian Ruixin Technology Co., Ltd. disclosed that it had completed a total of 1 billion yuan in financing within half a year, with Meituan as one of the investors. Jiutian Ruixin develops integrated storage and computing chips, while Lingrui Zhixin focuses on server-level CPU cores.

Last year, Meituan had already begun to make arrangements in the field of computing power chips. In November 2025, Shenzhen Sankuai Network Technology Co., Ltd., a subsidiary of Meituan, participated in the strategic placement of Moore Threads (688795. SH), with an actual allocation amount of approximately 41.12 million yuan. Relevant legal opinion documents disclosed that both parties intend to cooperate in areas such as graphic display and interaction, edge computing, and local services.

In December 2025, Shenzhen Sankuai participated in the strategic placement of Muxi Co., Ltd. (688802. SH), with an actual allocation amount of approximately 60 million yuan. According to the strategic placement verification documents, both parties signed a 'Strategic Cooperation Framework Agreement', and the areas of cooperation involve the construction of artificial intelligence service capabilities in scenarios such as enterprise services, technology retail, and supply chains.

Including Lingrui Zhixin, Meituan's public investment record has covered GPU, storage-computing integrated chips, and enterprises from RISC to V CPU. Whether there is any unified technical or procurement arrangement among these investments has not been publicly explained yet.

In July this year, Lingrui Zhixin completed a financing round of hundreds of millions of yuan. The investors included Zhangjiang High-Tech, Zhongke Chuangxing, Dongfang Fuhai, Chengde Capital, Shixi Capital, and GPU Enterprise Biren Technology. There was a four-month interval between the two rounds of financing.

In terms of products, Lingrui Zhixin released the server-grade RISC - V CPU kernel P100 in January this year. In August, a test chip based on P100 was fabricated on the advanced process lines in mainland China, and in September, the company announced that this kernel had entered the commercialization stage.

P100 adopts dynamic multi-threading technology, where a single physical core supports switching between 1 to 4 threads without the need to restart the system. The company claims that this can improve the concurrency of multiple tasks and the utilization rate in I/O-intensive scenarios for CPU.

Biren Technology and Lingrui Zhixin are carrying out collaborative optimization for CPU and GPU. They are adjusting the computing power ratio and scheduling methods for different computing tasks. Currently, there is no efficiency data from actual deployments.

In terms of commercialization, Lingrui Zhixin currently offers services such as CPU kernel IP licensing, customized development, and joint development. The 128-core server-level CPU based on P100 is still in the research and development stage. The company previously stated that it would selectively carry out IP licensing in the short term, while focusing on the sales of CPU products in the long term. The company has indicated that it has reached cooperation intentions with leading domestic system manufacturers, but has not disclosed the names of customers, orders, or revenue.

According to the company's plan, the 128-core server-grade CPU is expected to enter the tape-out phase in 2027 and mass production in 2028. After this financing round, the company still needs to complete the research and development verification of the official chip and transform the existing cooperation intentions into actual orders.

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