China's ‘fourth little AI dragon’ goes public: Tencent-backed Shanghai Enflame eyes $911 million from IPO

Tencent-backed Shanghai Enflame Technology plans to raise $911 million through an IPO on Shanghai’s STAR Market. The company priced its shares at 142.18 yuan each, as per a Monday filing. As the last of China’s “four little dragons” to go public, it aims to boost production for its AI chips.