diff --git a/CHANGELOG.md b/CHANGELOG.md
index f1da081361..9ac4ccc57e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,32 @@
 TiUP Changelog
 
+## [1.16.1] 2024-10-31
+
+### New Features
+
+- Deploy DM in `tiup-playground` (#2465, @GMHDBJD, @siddontang)
+
+### Fixes
+
+- Fix several racings during download, do not upgrade nightly automatically in `tiup-cluster` (#2458, @xhebox)
+- Fix possible panic when `tiup-playground` failed to start (#2457, @xhebox)
+- Respect `component_versions` when `tiup-cluster` scales (#2451, @djshow832)
+- Code clean: replace 'math/rand' with 'crypto/rand' (#2455, @bb7133)
+- Fix tiup cannot update itself when tiup comonent exist (#2443, @nexustar)
+- Do not check HTTP port for TiFlash 7.1.0 or above (#2440, @Lloyd-Pottiger)
+- Also hide other password args (#2436, @xhebox)
+
+### Improvements
+
+- Avoid unnecessary primary transfer for pdms mode in `tiup-cluster` (#2414, @HuSharp)
+- Add `--port-offset` for `tiup-playground` to start multiple instances without port conflicts (#2453, @breezewish)
+- Start with a name for pdms mode in `tiup-cluster` and `tiup-playground` (#2438, #2446, #2447, @HuSharp)
+- Remove prometheus systemd and interrupts collector (#2445, @xhebox)
+- Add example of setting the tiflash-proxy topology (#2444, @JaySon-Huang)
+- Improve cluster restart messaging for `tiup-cluster` (#2442, @zph)
+- Print version when filling `tiup-playground --xx.binpath` (#2334, @HuSharp)
+- Only display `--comments` when needed for `tiup-playground` (#2314, @dveeden)
+
 ## [1.16.0] 2024-06-27
 
 ### New Features
diff --git a/pkg/version/version.go b/pkg/version/version.go
index d71046fdde..ebec66586c 100644
--- a/pkg/version/version.go
+++ b/pkg/version/version.go
@@ -23,7 +23,7 @@ var (
 	// TiUPVerMinor is the minor version of TiUP
 	TiUPVerMinor = 16
 	// TiUPVerPatch is the patch version of TiUP
-	TiUPVerPatch = 0
+	TiUPVerPatch = 1
 	// TiUPVerName is an alternative name of the version
 	TiUPVerName = "tiup"
 	// GitHash is the current git commit hash