Inkeverse raises HK$328M to build proprietary GPU infrastructure in Singapore and Malaysia
What's the deal? Hong Kong-listed InkeverseDealroom has a profile for this one. Try Dealroom → Group is raising approximately HK$328.5M through a share placement to build out its own GPU computing infrastructure. The company will issue 387.5 million new shares to nine subscribers at HK$0.85 per share — a roughly 20% discount to its last closing price.
Three-quarters of the proceeds, about HK$246.4M, will go toward acquiring high-performance GPUs and setting up proprietary computing facilities in Singapore and Malaysia. The infrastructure will support AI features and real-time content generation. The remaining HK$82.1M covers working capital for GPU operations and overseas team expenses.
The new shares represent 20% of Inkeverse's existing issued share capital.
Why now? Demand for GPU capacity across Asia continues to surge as companies race to embed AI into their products. Southeast Asia has emerged as a popular destination for compute infrastructure, with Singapore and Malaysia attracting data centre investment thanks to favourable regulation and growing connectivity. For Inkeverse, owning rather than renting GPU capacity could reduce long-term costs and give it more control over AI workloads.
What could go wrong? The nearly 20% discount on the share placement will dilute existing shareholders. Betting HK$246M on GPU hardware carries execution risk — chip prices are volatile, and technology generations turn over quickly. Building proprietary infrastructure in two countries also adds operational complexity, especially for a company expanding its overseas footprint.
The signal: Inkeverse's pivot from its roots as a social live-streaming and metaverse platform to directly investing in GPU infrastructure illustrates how even early-growth companies outside the traditional cloud sector are verticalising into AI compute. The decision to build proprietary facilities rather than lease from hyperscalers suggests that securing guaranteed capacity in Southeast Asia is becoming a competitive differentiator, not just a cost calculation.
Read more: filingreader.com
