Chinese AI chipmaker Enflame Technology won approval for a Shanghai STAR Market listing on Monday, meaning all four of China's best known domestic GPU startups are now pursuing public market financing as they seek to challenge United States’ dominance in artificial intelligence computing.

Shanghai Enflame Technology secures STAR Market IPO approval, targeting an $830M raise to fund next-gen AI chips despite $600M in cumulative losses.

Tencent-backed Enflame won approval to raise about 6 billion yuan ($888m) on Shanghai's STAR board, the last of China's four big AI chipmakers to list.