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Cloud Leopard Intelligence (Chinese DPU startup) pursues IPO; over 90% sales are Tencent-related, raising concentration risk.

Domestic data processing unit supply seeks capital market legitimacy but customer concentration exposes OEM dependencies.
Trade pressSlicast · July 1, 2026 at 10:20 UTC · China · Source: 东方财富
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Tencent
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CommentaryTencent Hunyuan Pre-Training Lead Joins Thinking Machines Lab, September 2026
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Cloud Leopard Intelligence (Chinese DPU… · Slicast