IPOTencent-backed 'little dragon' raises $910m; tech stocks' post-IPO slumps draw scrutinyEnflame's products are displayed during the World Artificial Intelligence Conference (WAIC) in Shanghai in July 2026. (Photo by Tomoko Wakasugi)LORRETTA CHEN and WATARU SUZUKISeptember 11, 2026 10:39 JSTHONG KONG/SHANGHAI -- Shanghai Enflame Technology, one of China's leading makers of artificial intelligence chips and the country's answer to Nvidia, rose 188% in its debut on Shanghai's bourse on Friday, after the company flagged a lower valuation relative to peers.