{"data":{"id":2358,"lang":"en","title":"Tencent-Backed Chipmaker Enflame Soars 206% in Shanghai IPO, Completing China's 'Four Little Dragons'","summary":"Tencent-backed AI chipmaker Enflame surged 206% on its Shanghai debut, completing China's \"four little dragons\" of homegrown Nvidia rivals.","category":"business","category_label":"Business","published_at":"2026-09-12T06:01:32Z","updated_at":"2026-09-12T06:01:32Z","url":"https://techtools.cz/tools/news/article/2358-tencent-backed-chipmaker-enflame-soars-206-in-shanghai-ipo-completing-china-s","api_url":"https://techtools.cz/news-api/v1/articles/2358?lang=en","markdown_url":"https://techtools.cz/news-api/v1/articles/2358.md?lang=en","image_url":"https://media.thenextweb.com/2026/09/tencent-headquarters-building-sign.avif","word_count":164,"reading_time_minutes":1,"sources":[{"url":"https://thenextweb.com/news/enflame-shanghai-ipo-debut-tencent-ai-chips","domain":"thenextweb.com"},{"url":"https://www.cnbc.com/2026/09/11/chinese-nvidia-rival-enflame-stock-market-debut-ai.html","domain":"cnbc.com"}],"translation":{"lang":"cs","id":2431,"title":"Čínský výrobce čipů Enflame podporovaný Tencentem vzrostl při vstupu na burzu v Šanghaji o 206 %, dokončil kvarteto „malých draků“","url":"https://techtools.cz/tools/news/clanek/2431-cinsky-vyrobce-cipu-enflame-podporovany-tencentem-vzrostl-pri-vstupu-na-burzu-v","api_url":"https://techtools.cz/news-api/v1/articles/2431?lang=cs"},"content":"Shanghai Enflame Technology, an Nvidia rival backed by Tencent, closed its Shanghai Star Market debut up 179% from its IPO price, with shares peaking at 475 yuan intraday. The listing values the company at roughly $25.5 billion and raised $911 million, as investor demand for domestic AI chip alternatives to Nvidia stayed red-hot.\n\nEnflame's 2025 revenue rose to 990 million yuan from 722 million yuan a year earlier, though the company still posted a net loss of 1.16 billion yuan. Tencent, which owns a 20% stake, accounted for 84% of that revenue and remains Enflame's largest customer. Co-founders Zhao Lidong and Zhang Yalin, both former AMD engineers, each became billionaires several times over on paper.\n\nThe debut completes the public listings of China's so-called \"four little dragons\" of AI chipmaking — Enflame, Moore Threads, MetaX and Biren — all racing to build homegrown alternatives to Nvidia amid US export restrictions. Enflame said it will use the IPO proceeds to develop its fifth- and sixth-generation AI chips."}}