On April 28, 2026, Ennovation Capital's investment company LIGHTELLIGENCE (01879.HK) officially listed on the Hong Kong Stock Exchange, becoming the world's first "AI photonic computing power stock." On its first trading day, LIGHTELLIGENCE opened over 380% higher, with a total market capitalization of HKD 80.9 billion. The previous day, LIGHTELLIGENCE's pre-market trading surged by 350%.
LIGHTELLIGENCE was founded in 2017 by Shen Yichen, a Ph.D. in Physics from MIT, and is a pioneer in technology and commercialization in the field of hybrid photonic-electronic computing. According to Frost & Sullivan data, LIGHTELLIGENCE has become the first company globally to achieve large-scale deployment of hybrid photonic-electronic computing, driven by its two product lines: optical interconnects and optical computing. In 2025, LIGHTELLIGENCE ranked first in the independent Scale-up optical interconnect solutions market in China by revenue, with a market share of approximately 88.3%, supporting multiple GPU clusters at the kilowatt scale. The company's optical computing chips have also maintained the top global cumulative shipment volume for two consecutive years.
Against the backdrop of large-scale models driving continuous growth in computing power demand, traditional electrical computing and interconnects are facing multiple constraints such as power consumption, bandwidth, and latency. This is precisely why hybrid optoelectronic computing has garnered attention. As a company focused on hybrid optoelectronic computing, the listing of LIGHTELLIGENCE has enabled optical computing and interconnects to attract more capital investment.
Since its establishment, LIGHTELLIGENCE has received investments from several renowned institutions. Among them, Ennovation Ventures is one of LIGHTELLIGENCE's long-term institutional investors. Ennovation Ventures invested in LIGHTELLIGENCE in 2020 and accompanied the company through multiple rounds of financing until its IPO.
The core technological barrier of LIGHTELLIGENCE lies in its self-developed photonic computing chip (Photonic Computing Chip). Currently, LIGHTELLIGENCE has launched the PACE series of optoelectronic hybrid acceleration cards and the "Light Leap" super node solution, achieving large-scale deployment in scenarios such as large model training and inference. Behind these technological breakthroughs are over 300 international patents held by LIGHTELLIGENCE, as well as the world's first commercial-grade photonic computing cluster.
The rapid development of artificial intelligence has driven the growth in computing power demand, while the fast advancement and application of generative AI are reshaping this demand. However, with the explosive growth of data volume, increasing transmission speed requirements, and expanding application scenarios—particularly against the backdrop of the rise of large language models—the performance bottlenecks of existing computing infrastructure are becoming increasingly evident, accelerating the arrival of a new computing power transformation.
About LIGHTELLIGENCE
LIGHTELLIGENCE, founded in 2017, is a globally leading provider of photonic-hybrid computing power. With groundbreaking technologies in integrated photonics and a top-tier team of IC R&D experts, the company is committed to delivering high-efficiency computing solutions for clients in the construction of next-generation computing infrastructure, jointly building a smarter and more sustainable world
About Ennovation Venture Capital
Ennovation Venture Capital was established in 2015, strategically investing in revolutionary new technologies and products across the global biopharmaceutical and healthcare industry chain. Committed to becoming a specialized investment institution in the biopharmaceutical and healthcare sectors, the company also delves deeply into emerging technology fields such as new materials and intelligent manufacturing. The management team and investors possess extensive experience and industrial background resources in biopharmaceuticals, healthcare, new materials, and intelligent manufacturing, focusing on the commercial value generated through the integration of "innovation."
