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On September 4th, Enflame Technology, a prominent Chinese cloud-based AI chip firm, officially commenced its new share subscription on the Science and Technology Innovation Board. Tencent, its largest external shareholder, emerged as the focal point of this IPO. Through its platform, Tencent made a strategic investment of 248 million yuan, securing 1.7471 million shares. Additionally, prior to the IPO, Tencent Technology (Shanghai) Co., Ltd. directly owned 77.267 million shares of Enflame Technology, representing a 19.9493% stake. When combined with the shareholdings of its concert party, Suzhou Paiyi, Tencent's total pre-issuance shareholding stood at 20.2580%, and approximately 20.26% post-issuance. Based on the issue price, the market value of Tencent's stake in Enflame Technology is estimated to be around 12.6 billion yuan.
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