Chinese chipmaker Enflame wins IPO approval
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China’s securities regulator has approved Tencent-backed AI chip startup Shanghai Enflame Technology’s application for an initial public offering on Shanghai’s STAR Market, where the company plans to raise RMB 6 billion ($883 million), reports Caixin. Tencent Holdings has participated in five funding rounds for Enflame, investing a total of RMB 5.1 billion. Together with its affiliates, […]
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