diff --git a/python_module/megengine/version.py b/python_module/megengine/version.py
index 7e443c5799fc9aea02496f77fe9c60f8cc027bc7..3d187266f146fb216a04537da37dc5df0811acc4 100644
--- a/python_module/megengine/version.py
+++ b/python_module/megengine/version.py
@@ -1,2 +1 @@
-__version__ = "0.4.0"
-
+__version__ = "0.5.0"