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IJR News — today's news from every side

Tencent-Backed Enflame Shares Triple in Shanghai Debut — 1dTencent-backed Enflame Technology surged about 200% in its Shanghai STAR Market debut after raising 6.12 billion yuan in its IPO, with the stock trading around 430 yuan and the company valued far above its IPO price. The listing, part of China’s push to build home-grown AI chips, shows Enflame’s strong investor interest despite ongoing net losses and a heavy reliance on Tencent as both a shareholder and customer as it eyes next-generation chips.