DeepSeek has engaged CITIC Securities as an underwriter to prepare for an initial public offering on Shanghai's STAR Market, signaling the AI startup is advancing its domestic listing plans. The Hangzhou-based firm aims to begin the IPO process this year.
Chinese AI firm MiniMax reported first-half 2026 revenue of $116.6 million, up 283% year-over-year, driven by a 700% jump in enterprise business. The Shanghai-based multimodal AI company's growth comes amid intense competition in China's AI sector.
Unitree Robotics, the world's largest humanoid robot maker by sales, saw its shares jump more than 600% during its trading debut on Shanghai's STAR Market on Wednesday. The spectacular performance underscores China's rapid advancement in robotics technology.
Unitree Robotics, the world's largest humanoid robot maker by sales, saw its shares jump more than 600% during its trading debut on Shanghai's STAR Market on Wednesday. The spectacular performance underscores China's rapid advancement in robotics technology.
Unitree Robotics, the world's largest humanoid robot maker by sales, saw its shares jump more than 600% during its trading debut on Shanghai's STAR Market on Wednesday. The spectacular performance underscores China's rapid advancement in robotics technology.
Chinese humanoid robot maker Unitree is preparing for its debut on the Shanghai Stock Exchange amid a flood of investor applications, with crypto derivatives traders on Hyperliquid pricing the stock near $93 with potential 4x upside.
Shanghai-based Kiwimoore, a chip designer specializing in networking technology for AI accelerators, has confidentially filed for a Hong Kong IPO targeting a $2 billion valuation with plans to list in the first half of 2027.
Junyang Lin, who left Alibaba in March after leading its flagship AI model development, has founded Shanghai-based startup Pragmatik Labs to build next-generation AI agents. The company has secured backing from Tencent Holdings and Chinese venture capital firms.
Britain's Financial Conduct Authority is working with major banks and market participants to establish standards for tokenized gold, aiming to digitize financial markets and reinforce London's position as the global bullion trading center amid competition from Hong Kong and Shanghai.
Typhoon Dolphin struck China's eastern Zhejiang province on August 9, 2026, after hitting Japan's Okinawa, triggering China's highest-level red alert. Shanghai canceled over 1,300 flights (80% of operations), nearly 100,000 people were evacuated, and the storm cut power to over 50,000 buildings in Japan.
Typhoon Dolphin made landfall on China's eastern coast, forcing the evacuation of over one million people and causing the cancellation of more than 2,600 flights in Shanghai over two days. The storm brought torrential rain and flooding to eastern provinces before weakening and moving north toward Beijing.
Hangzhou-based Unitree Robotics has priced its Shanghai IPO at 150.8 yuan ($22.34) per share, valuing the humanoid robot maker at approximately 61 billion yuan ($9.04 billion). The offering aims to raise $904 million through the sale of 40.4 million shares, with backing from AI company DeepSeek.
ChangXin Memory Technologies (CXMT) saw its shares soar more than 470% on its first day of trading on Shanghai's STAR Market, making it mainland China's most valuable listed company. The IPO raised $8.55 billion, making it Asia's largest IPO of 2026 and reflecting investor confidence in China's semiconductor self-sufficiency push amid U.S. technology restrictions.
China has reportedly begun manufacturing domestically developed immersion deep ultraviolet (DUV) lithography machines, a key chipmaking tool long dominated by Dutch supplier ASML, as it seeks to reduce reliance on foreign semiconductor technology.
A 6-year-old girl died after receiving experimental gene-editing therapy for a non-life-threatening neurodevelopmental condition in Shanghai, with her death kept secret until uncovered by an investigation by Science and Retraction Watch. The family reportedly paid over $800,000 for the treatment.
MetaX Integrated Circuits, a Shanghai-based GPU chip designer valued at $48 billion, has confidentially filed for a secondary listing in Hong Kong, targeting an IPO by end of 2026. The company completed its Shanghai IPO in December 2025 and has seen its share price surge 685% since then.
At the 2026 World Artificial Intelligence Conference in Shanghai, Shanghai Electric showcased its embodied intelligence robot matrix, including the SUYUAN bipedal humanoid robot with 41 degrees of freedom, alongside 51 industrial AI models and agents and an AI-native smart factory architecture.
T-Head's SAIL software stack for its Zhenwu AI chips was open-sourced at the World AI Conference in Shanghai on July 18, 2026, offering developers an alternative to Nvidia's CUDA ecosystem with migration achievable in under seven days.
Chinese President Xi Jinping used a major technology conference in Shanghai to advocate for international cooperation on AI development and governance, arguing that artificial intelligence should not be dominated by a single country. The speech came as US President Trump accused China of exploiting American election data.
Chinese President Xi Jinping urged international collaboration on artificial intelligence development and governance at the World AI Conference in Shanghai, arguing AI should be a 'symphony of global cooperation' rather than dominated by any single nation. The conference featured a China-led AI alliance backed by 29 countries and included announcements of AI research and training initiatives for developing nations.
