Tencent-backed Enflame receives approval for a Shanghai IPO and plans to raise ~$888M; Enflame is the last of China's four leading AI chipmakers to go to market (April Ma/Bloomberg)

Techmeme ·

Enflame won approval for a Shanghai IPO targeting about $888M, advancing China’s domestic AI chip financing wave.

Categories: Money & Moves

Excerpt

<a href="https://www.bloomberg.com/news/articles/2026-06-15/tencent-backed-enflame-heads-to-ipo-as-china-ai-chip-wave-grows"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260615/i11.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260615/p11#a260615p11" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> April Ma / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-06-15/tencent-backed-enflame-heads-to-ipo-as-china-ai-chip-wave-grows">Tencent-backed Enflame receives approval for a Shanghai IPO and plans to raise ~$888M; Enflame is the last of China's four leading AI chipmakers to go to market</a></b></span>&nbsp; &mdash;&nbsp; Tencent Holdings Ltd.-backed Shanghai Enflame Technology Co. has received approval for an initial public offering &hellip; </p>

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