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

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

Source: TechMeme
Source Link: https://www.techmeme.com/260911/p1#a260911p1