Keywords: Shanghai
Chinese robotics company Unitree Technology is expected to reach a valuation of more than 50 billion yuan ($7.4 billion) following its planned initial public offering in Shanghai, according to a report from IPO sponsor Citic Securities shared with institutional investors. The projected valuation highlights......
China has reached a new milestone in its semiconductor strategy by launching mass production of domestically developed immersion deep-ultraviolet (DUV) lithography systems, a technology considered essential for manufacturing advanced semiconductor chips. The move represents another major effort by Beijing......
Shares in Chinese semiconductor manufacturer Changxin Technology soared by nearly 466% on their first trading day on the Shanghai Stock Exchange, propelling the company to the top of China’s listed companies by market value. Based in Hefei, the company raised 57.92 billion yuan, equivalent to......
Chinese semiconductor manufacturer CXMT Corp has secured robust institutional support for its $8.6 billion initial public offering, even as global volatility in semiconductor equities has tempered investor enthusiasm across the technology sector. According to the company's latest regulatory filing,......
China has announced the creation of a new international organization dedicated to artificial intelligence (AI) cooperation, bringing together 29 founding member countries in a move that highlights Beijing's growing ambition to play a leading role in shaping global AI governance. The new organization,......
Tesla recorded a significant increase in sales of its China-produced electric vehicles in April, with year-on-year growth of 36%, according to data from the China Passenger Car Association. The U.S. electric vehicle manufacturer continues to expand its presence in one of the world’s most competitive......
An aircraft operated by China Eastern Airlines was involved in a ground incident at Shanghai Hongqiao International Airport after colliding with a jet bridge while taxiing toward its parking position, according to state media reports. The incident occurred around midday on Saturday during routine airport......
Tesla is facing mounting pressure in its two largest overseas markets after January 2026 data showed sharp sales declines in both China and Europe, as the company appoints its fourth global sales chief in 18 months. In China, the world’s largest electric vehicle market, Tesla’s retail sales......
At the 2025 Shanghai International Auto Show, Chinese automaker GAC Aion introduced a groundbreaking electric vertical takeoff and landing (eVTOL) vehicle capable of both driving on city streets and flying between skyscrapers. This innovative flying car concept, known as "GOVE," seamlessly......
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