Enflame’s US$900m IPO tests appetite for China’s ‘little dragon’ AI chipmakers

Source: SCMP Tech·2026-09-02 08:30Publish time unverified

As Enflame Technology gears up for a 6.12 billion yuan (US$910.3 million) initial public offering on Shanghai’s Star Market, the Chinese artificial intelligence chipmaker must convince investors that its specialised chip strategy can withstand fierce competition from Huawei Technologies and other domestic rivals, while reducing its heavy revenue dependence on major backer Tencent Holdings.