Enflame – The Chinese AI Chip Specialist Aims for the Stock Market – Tencent as a Trump Card!
Reading Time: 3 minutes
Enflame, the last of China’s four AI chip giants, is heading to the Shanghai STAR market and raising $888 million. Revenue triples, yet the company continues to report losses – and remains 84% dependent on its major shareholder Tencent. The last of the four dragons takes off With Enflame, the last in a group of celebrated Chinese AI chip start-ups is making its market debut: The Tencent-backed Shanghai Enflame Technology receives the green light for its IPO on the chip-heavy STAR board in Shanghai. According to the prospectus, the company...
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