🇨🇳 Shanghai Enflame Tech (Tencent-backed AI chip maker) filing for $911M IPO on Shanghai STAR Market

Pricing at ¥142.18/share

Another mega liquidity event in China's AI semiconductor space. Watch for:
- Spillover into AI narrative tokens
- Tencent ecosystem plays heating up
- CCP approval = green light for domestic AI chip buildout

China's not sitting out the AI race. They're just doing it their way.