Chinese AI chipmaker Enflame goes public at Shanghai Stock Exchange

One of China's leading AI chipmakers, Enflame Technology, was listed in the Shanghai Stock Exchange on Friday, drawing a great amount of attention from the market.

Focusing on cloud-based AI chips, the company has developed a comprehensive product portfolio covering AI chips, AI accelerator cards and modules, intelligent computing systems and clusters, as well as AI computing and programming software platforms.

According to its prospectus, Enflame issued 43,035,173 shares in its initial public offering (IPO) and aims to raise 6 billion yuan (about 890 million U.S. dollars) through the IPO.

The funds raised will be used for the research, development, and commercialization of its fifth- and sixth-generation AI chip product series, as well as for an advanced AI hardware-software co-innovation project.

The company's financial data showed that Enflame earned an operating revenue of 1.12 billion yuan (167 million U.S. dollars) in the first half of 2026, representing a year-on-year surge of 279.08 percent.

"The listing of Enflame could generate a significant multiplier effect across Shanghai's semiconductor and integrated-circuit industry chain. It could, most importantly, generate a driving force for chip design, while secondly, it could stimulate development of other related segments such as upstream wafer-manufacturing equipment, including components," said Hu Yuanyuan, senior analyst of Industrial Securities' electron industry.

With Enflame's listing, China's four leading domestic GPU firms, namely Moore Threads, MetaX, Biren Technology, and Enflame Technology, have all now entered the capital markets.

Industrial insiders pointed out that in the first half of this year, domestic GPU enterprises generally recorded revenue growth with narrowing losses. As they are approaching their profitability inflection point, the competition has moved from research, development and validation to market shakeout.

"The listing of China's four leading domestic GPU companies is, in fact, a very positive signal for the industry. It indicates that domestic chip companies have entered a stage to test whether their products can be sold in the market, generate revenue and get off to a good start," Hu said.

Chinese AI chipmaker Enflame goes public at Shanghai Stock Exchange

Interpol Secretary General Valdecy Urquiza has hailed China as a strong supporter and partner of the organization in the fight against fraud.

Urquiza praised China for its efforts on the sidelines of the Inaugural Conference of the International Alliance Combating Telecom and Cyber Fraud, which was held in Lianyungang, east China's Jiangsu Province, on Thursday.

At the conference, the China-initiated international alliance aimed at countering cross-border telecom and cyber fraud was established.

Interpol, formally known as the International Criminal Police Organization, is the world's largest international police organization, and has 196 member countries, aiming to help police in all of them to work together to make the world a safer place.

Noting that fraud and cyber-related crimes have become the priority for member countries of Interpol around the globe, Urquiza said initiatives such as the alliance are key on the fight against those threats, while describing the alliance as a "very good step."

Speaking of cooperation between China and Interpol, Urquiza highlighted China's notable contribution to fighting fraud-related crimes in recent years.

"China has been a strong supporter and partner of Interpol for the past years, especially in the fight against fraud. We have partnered with China a couple of years ago to enhance the efforts on building capacity and coordinating operational activities to fight crimes related to fraud," he told China Global Television Network (CGTN).

"With that, we establish an operation that is called the First Light Operation, which is one of the main areas of work of Interpol on the fight against fraud. Under this operation, we have been able to arrest more than 11,000 criminals that were operating fraud schemes and we have been able to locate and seize more than 600 million dollars that were related to criminal activities on fraud," said Urquiza.

Interpol chief hails China as strong supporter, partner in fighting fraud