Yunhe Capital-backed Enflame passes STAR Market IPO review, targets CNY 60 billion raise

• Yunhe Capital-backed Enflame cleared Shanghai’s STAR Market IPO review, targeting CNY 60 billion in proceeds.
• Yunhe Capital invested from seed through five rounds; Enflame valuation rose to more than CNY 20 billion from CNY 170 million.
• Tencent holds about 20% as the largest external shareholder; it contributed more than 80% of Enflame revenue.
• Chip designer Chipone supplied LED display driver chips used in large-format screens at multiple 2026 World Cup venues.
• EV truck maker Sabo ran a DHL Freight Austria pilot with its eTopas600 in live routes, reporting positive operational feedback.
• Flexible PV supplier X-SOLAR showcased 560W N-TOPCON modules at SNEC 2026, positioning for lightweight rooftop and curved-surface installations.
• Battery maker Xingheng promoted its GT-Force technology platform and Polaris cells at a Guangzhou e-mobility show, highlighting compliance-driven range gains.
• Weifulai joined a Hangzhou regional cooperation industry forum focused on cross-region project matching.
• Yangzhou Science and Education Group held talks with Baoying Economic Development Zone on an innovation center and incubator collaboration.
• Henan Industrial Research Institute met Henan Institute of Technology on chip-related talent training and joint labs tied to Zhengzhou Airport Economy Zone.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yunhe Capital published the original content used to generate this news brief on June 15, 2026, and is solely responsible for the information contained therein.