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AI & Enterprise
DeepSeek pushes for Shanghai STAR Market listing, plans to start process this year
Chinese AI startup DeepSeek is preparing to list on the Shanghai Stock Exchange\'s STAR Market and has hired CITIC Securities as an adviser, Reuters reported on Sept. 9, citing two sources. DeepSeek plans to begin an IPO process this year, the report said. The timing, fundraising target and valuation have not been decided, sources said. Reuters previously reported DeepSeek was seeking investment at a valuation of 500 billion yuan, or $75 billion.
Automotive
China auto market down 23.6%; only battery EVs grow
China’s passenger-car market continued to weaken, with August retail sales falling 23.6% from a year earlier to 1,541,000 vehicles, data cited by Electrek showed. Battery electric vehicle sales rose 0.8% to 698,000 and gained 7.9% from July. Plug-in hybrids and range-extended EVs fell, pulling overall NEV sales down 10.1%. NEV penetration hit a record 65.2% as internal combustion sales slid faster. NEV exports surged 154.7%.
AI & Enterprise
Moonshot AI files confidential for Hong Kong IPO as Kimi K3 boosts profile; valuation of $50 billion cited
China AI startup Moonshot AI has filed a confidential application for an IPO in Hong Kong, seeking to raise funds for rapid business expansion. Sources said it is targeting a listing as early as the first quarter of 2027, though timing could change depending on regulators and market conditions. The company is also pursuing a final funding round that could value it at about $50 billion. Moonshot AI recently unveiled its flagship Kimi K3 model.
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Automotive
Tesla cybercab push as it debunks China FSD withdrawal rumors
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Games & Commerce
Coupang dispute raises risk of U.S. tariff pressure on South Korea
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AI & Enterprise
DeepSeek secures first external funding, clarifies role split with High-Flyer
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Industry
China\'s top 3 semiconductor packaging firms see profit surge in H1, launch 15 billion yuan expansion race
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Industry
Best humanoid robot stocks for 2026: where is the real money made?
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AI & Enterprise
DeepSeek nears fundraising at 500 billion yuan valuation, prepares for 2027 IPO
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AI & Enterprise
DeepSeek revenue already nearly 10 times last year; API gross margin 82.9 percent
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Industry
CXMT hits production ceiling, dimming hopes of easing DRAM shortage
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Industry
Unitree shares slide 45% from post-IPO peak after 460% debut surge, raising robot bubble alarm
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Industry
YMTC parent CCSH prepares for Shanghai IPO after CXMT debut
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AI & Enterprise
AI app companies build in-house models as push grows; what next for Dokpamo overhaul?
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Industry
China\'s SpaceSail raises 1.4 trillion won to speed up race to catch up with Starlink
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Industry
China robots dominate 97% of global shipments, but profitability still elusive
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Industry
Race heats up in autonomous driving technology as SDV competition intensifies
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Industry
Unitree IPO frenzy leaves question of when robots will do housework