diff --git a/python_module/megengine/version.py b/python_module/megengine/version.py
index 7e443c57..3d187266 100644
--- a/python_module/megengine/version.py
+++ b/python_module/megengine/version.py
@@ -1,2 +1 @@
-__version__ = "0.4.0"
-
+__version__ = "0.5.0"