AdvertisementAdvertisementBusinessPeople walk past the Enflame booth during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 17, 2026. REUTERS/Go Nakamura11 Sep 2026 09:33AM (Updated: 11 Sep 2026 09:43AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST HONG KONG/SHANGHAI, Sept 11 : Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188 per cent higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering.The stock opened at 410 yuan versus its offer price of 142.18 yuan, and rose to as much as 475 yuan.Enflame's debut adds to a rush of listings by Chinese companies seeking to supply computing chips for artificial intelligence, as Beijing pushes for home-grown alternatives to U.S. suppliers such as Nvidia.The company is one of a group of Chinese AI chip startups sometimes called the "four little GPU dragons", alongside Moore Threads, MetaX and Biren Technology.($1 = 6.7061 Chinese yuan)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST