Shanghai

Shares of Unitree, a major humanoid robot maker in China, soared significantly during its public stock trading debut in Shanghai. The company's shares rose as much as 629% during this initial listing.

The Chinese humanoid robot maker, Unitree, had a stellar start during its trading debut in Shanghai. The company's shares surged 600% as investors clamoured for ownership.

Shares of Unitree Robotics rose by 542% on their debut trading day. This massive surge occurred during the company's initial listing in Shanghai.

Unitree unveiled its new "Superman" humanoid robot, which the company claims can reach 12.66 meters per second and jump two meters vertically, surpassing Usain Bolt's world records for running and high jumping. This unveiling is taking place ahead of Unitree's much-anticipated $9 billion IPO listing in Shanghai. The article notes that the nascent humanoid robot market is a rapidly accelerating sector.

H World Group Limited reported net income of $232 million and 72 cents per share for its second quarter. The hotel operator also posted revenue of $1.05 billion during the period, with adjusted earnings reaching 78 cents per share.

GDS Holdings Limited reported a net income of $123.1 million for its second quarter, achieving a profit of 56 cents per share. For the period, the company posted revenue totaling $455.1 million. Furthermore, GDS Holdings anticipates full-year revenue will fall within the range of $1.87 billion to $1.92 billion.

A Chinese robot maker's Initial Public Offering (IPO) was significantly successful, reported as 5,500 times oversubscribed by retail investors. Additionally, the company raised $900 million through Unitree ahead of its anticipated listing in Shanghai later this month.

Shanghai's two airports have canceled over 1,300 flights. These cancellations occurred as China prepares for Typhoon Dolphin.

As China prepares for Typhoon Dolphin, Shanghai's airports canceled over 1,300 flights, leading authorities to relocate approximately 300,000 people. The storm is bringing heavy rains and risks of severe flooding and landslides, primarily expected in Zhejiang province and northern Fujian province.

Typhoon Dolphin is heading toward eastern China, bringing risks of severe flooding and landslides. Authorities in Zhejiang province declared a level III emergency response, leading to the closure of schools and tourist sites, including those in Ningbo, due to predicted rainfall up to 400 mm.

Authorities in eastern China shut down schools and tourist sites as Typhoon Dolphin approaches, bringing risks of severe flooding and landslides. The storm is expected to hit Zhejiang province and neighboring Fujian province late Sunday, with Shanghai also in its path. National authorities declared a level III emergency response.

Typhoon Dolphin approached eastern China, bringing sustained winds of 162 kilometers per hour and risking heavy rainfall, severe flooding, and landslides. Authorities declared a level III emergency response and mandated the closure of schools and tourist sites across areas including Zhejiang province, northern Fujian province, and Shanghai.

An All Nippon Airways passenger jet avoided a potential collision with a government inspection aircraft near Tokyo’s Haneda airport on Tuesday, triggered by its traffic collision avoidance system. This incident is the latest aviation safety event at the airport since a deadly runway collision in 2024.

The US and China are competing over AI, with middle powers seeking an alternative path. Recent events include the Pax Silica summit, the UN's Global Dialogue on AI Governance, and the establishment of the World Artificial Intelligence Cooperation Organization (WAICO) in Shanghai.

Asian shares declined despite a U.S. stock rally, as investors weighed the impact of a recent U.S.-Japan currency intervention. Analysts noted the intervention's uncertain effectiveness in addressing underlying economic factors like inflation and interest rates, while regional markets showed mixed performance. U.S. stocks rose on easing oil prices, and global crude prices fluctuated amid geopolitical tensions in Iran.

Wuxi AppTec, Asia’s largest contract pharmaceutical research provider, reported a 33.7% year-on-year increase in first-half net profit to 11.08 billion yuan, driven by strong demand for weight-loss and diabetes drugs and growth in its US business. The company’s earnings exceeded Bloomberg analysts’ expectations.

Wuxi AppTec, Asia’s largest contract pharmaceutical research provider, reported a 33.7% year-on-year increase in first-half net profit to 11.08 billion yuan, driven by strong demand for weight-loss and diabetes drugs and growth in its US business. The results exceeded Bloomberg analysts' consensus estimates.

The article highlights China's massive modern factories operating 24/7, millions of industrial and domestic service robots, and extensive skyscrapers in cities like Shenzhen and Shanghai. It also notes China's significant shipbuilding capacity, emphasizing the country's vast industrial scale.

Major Chinese cities like Shanghai are experiencing a surge in commercial property transactions as investors seek bargains in prime locations, anticipating market recovery. The value of office buildings, hotels, and shopping malls has declined due to a prolonged real estate crisis, but prices in some cities are now stabilizing, prompting analysts to note increased investor activity.

Elon Musk denied reports that Tesla is considering selling its China business, calling the speculation 'absurdly fake news.' The article highlights concerns about Tesla's reliance on its Shanghai manufacturing hub.

Elon Musk dismissed a report suggesting Tesla is considering selling its China business, calling it 'absurdly fake news.' The speculation has raised questions about Tesla's reliance on its Shanghai manufacturing hub.

RedNote, the Chinese lifestyle social media platform also known as Xiaohongshu domestically, is planning a US$2.2 billion data centre in Inner Mongolia's Ulanqab or west of the city as part of China's AI infrastructure push. The 600-megawatt project has a budget of around 15... and is located in an area known for wind and renewable energy.

A Chinese man inspired by his paralysis built a mind-controlled wheelchair prototype in 48 hours, winning first prize in the hardware category at a Shanghai-based Hackathon hosted by RedNote. Wang Ning, 33, and his wife from Shenzhen developed the device as part of the competition.

CXMT had a successful debut in Shanghai, positioning itself for future competition with global memory companies.

Unitree Robotics will launch its initial public offering in Shanghai next week, selling 40.45 million shares (10% of its enlarged share capital). The company's founder, Wang Xingxing, and related parties will retain 31.29% of shares and 65.31% of voting rights post-listing, as China's robotics start-ups compete with U.S. counterparts.

China's growing influence in the global semiconductor supply chain is challenging foreign tech companies like Nvidia, Micron, and SK Hynix by offering cheaper alternatives. ChangXin Memory Technologies (CXMT) raised $9.8 billion through a Shanghai stock offering to expand its DRAM chip market share.

An 18-year-old boy in Shanghai developed an AI-powered app to remind his grandfather to take medication, gaining social media attention and acclaim. Ma Kai, a recent secondary school graduate, created the app and was interviewed by the Shanghai Morning Post during the World Artificial Intelligence event.

A US congressional advisory panel focused on China has returned from a trip to Beijing, Shanghai, and Hangzhou, with commissioners pledging annual visits to strengthen engagement and inform US-China relations. The US-China Economic and Security Review Commission provides annual reports and recommendations to lawmakers on trade and national security policies.

Micron and other chip stocks declined as China's CXMT had a successful public debut in Shanghai. Investors are considering the potential of a manufacturing breakthrough that could enhance China's chip industry competitiveness.

CXMT, a Chinese chip maker, saw a fivefold increase in its stock price on its debut in Shanghai. The company closed its first day of trading with a market capitalization of $85 billion.

Oil prices fell nearly 7% and global shares rose as U.S.-Iran tensions eased, with Chinese chipmaker CXMT surging 466% on its Shanghai debut. CXMT became China's most valuable listed company with a $490 billion market cap, while geopolitical relief boosted equity markets.

Oil prices fell over 4% while Asian shares rose as Chinese chipmaker CXMT's debut in Shanghai contributed to market gains. The U.S. and Iran paused their attacks, influencing the market trends.

Oil prices fell over 4% as U.S. and Iran discussions on a potential ceasefire eased tensions, while Asian shares rose, led by a 470% surge in Chinese chipmaker CXMT's debut on Shanghai's technology board, making it China's most valuable listed company. U.S. markets showed mixed results, with the S&P 500 down slightly and tech stocks like Micron Technology and Broadcom declining.

Shares of Chinese memory chipmaker CXMT have soared as the company began trading in Shanghai in mainland China’s biggest IPO in recent years.

Black Lake Technologies CEO Zhou Yuxiang is using food delivery workers to sell AI automation solutions to family-run factories in China. The sales team, recruited from industrial cities, completed a five-day training to explain how AI addresses manufacturing challenges.

Dan Hiers Jr., a former police officer accused of murdering his wife in 2005 and facing additional charges, was extradited from China after evading authorities for nearly 18 years. He was captured in Shanghai under an alias and returned to the United States to face murder and criminal sexual conduct charges in South Carolina.

Ex-police officer Dan Hiers Jr. was extradited from China to the US after being accused of his wife’s 2005 murder and criminal sexual conduct. He fled following her death in 2005, was captured in 2018 under a false name, and returned to face charges in South Carolina with international law enforcement collaboration.

Dan Hiers Jr., a former police officer accused of killing his wife in 2005, was extradited from China to the United States after evading arrest for nearly two decades. He faces charges in South Carolina for murder and criminal sexual conduct with a minor, with authorities confirming his capture in Shanghai under an alias in 2018.

MetaX, a Chinese graphics processing unit (GPU) maker, has confidentially filed for a Hong Kong initial public offering (IPO), aiming to complete the listing by the end of this year with Huatai International Financial Holdings as its financial advisor.

A Chinese man named Chen Jie from Shanghai helped a Taiwanese tourist take photos at Lugu Lake in Yunnan province and later discovered the tourist was a long-lost relative of his family.