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 USD. 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...
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