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The Economic Times
The Economic Times
Business
Anupam Nagar

Global Market: Tencent-backed Enflame soars 200% in blockbuster Shanghai IPO debut

Chinese artificial intelligence chipmaker Shanghai Enflame Technology surged about 200% in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering, highlighting strong investor demand for domestic AI computing technology, accprding to report by Reuters.

Enflame stock triples from IPO price

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