Tencent-backed Enflame wins approval for an $888m IPO, the last of China’s ‘four AI chip dragons’ (opens in new tab)

The Enflame IPO is on. Shanghai Enflame Technology, an AI-chip startup backed by Tencent, has won listing-committee approval to raise about 6 billion yuan ($888m) on the Shanghai Stock Exchange’s STAR board, according to Bloomberg. It is the last of China’s “four little dragons,” the cohort of homegrown AI chipmakers Beijing is counting on to […] at The Next Web