Tencent-backed ‘little dragon’ raises $910m; tech stocks’ post-IPO slumps draw scrutiny
Enflame’s products are displayed during the World Artificial Intelligence Conference (WAIC) in Shanghai in July 2026. (Photo by Tomoko Wakasugi)
LORRETTA CHEN and WATARU SUZUKI
September 11, 2026 10:39 JST
HONG KONG/SHANGHAI — Shanghai Enflame Technology, one of China’s leading makers of artificial intelligence chips and the country’s answer to Nvidia, rose 188% in its debut on Shanghai’s bourse on Friday, after the company flagged a lower valuation relative to peers.