Tencent-backed AI chipmaker Enflame closed 179% up on its Shanghai debut after a $911m IPO. Tencent accounted for 84% of its 2025 revenue.

Chinese artificial intelligence (AI) chipmaker Shanghai Enflame Technology Co Ltd on Wednesday kicked off online and offline subscriptions for its IPO on Shanghai’s tech-heavy…

The Tencent-backed chipmaker rounds out a string of stellar listings by the Chinese mainland’s top five AI chip startups