Tencent-Backed China Chipmaker Enflame Seeks $911 Million in IPO

Shanghai Enflame Technology Co., backed by Tencent Holdings Ltd., is seeking to raise approximately 6.12 billion yuan, or $911 million, through an initial public offering. Enflame is described as one of the leading Chinese artificial intelligence chipmakers. The company will list on a public market following similar moves by other Chinese AI chipmakers.

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