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Shanghai Yanhui Technology seeks $911 million in IPO, with Tencent's support
2026-08-31 22:26:57
According to CoinMeta, Shanghai Yanhui Technology is seeking $911 million in its initial public offering (IPO) and has received support from Tencent. This IPO highlights China's efforts to promote semiconductor self-sufficiency amidst global technological tensions, but it also brings financial risks due to the reliance on Tencent.
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Source：Crypto Briefing
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