Tencent-backed AI chipmaker Enflame's shares surged 188% in their Shanghai debut, giving Enflame a market cap of $26.3B, after raising ~$910M in an IPO (Ann Cao/South China Morning Post)

Ann Cao / South China Morning Post:
Tencent-backed AI chipmaker Enflame's shares surged 188% in their Shanghai debut, giving Enflame a market cap of $26.3B, after raising ~$910M in an IPO  —  The Tencent-backed company sees share price surge, highlighting Enflame's role in Beijing's push for domestic chips amid US export restrictions

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