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World News
Five largest IPOs revisited as SpaceX plans listing
As Elon Musk\'s SpaceX pursues an initial public offering of about $75 billion, attention has returned to the world’s biggest IPOs to date. South China Morning Post reported that energy, e-commerce, telecoms, autos and finance dominate the top ranks. Saudi Aramco raised $29.4 billion in 2019, followed by Alibaba at $25.0 billion in 2014, SoftBank at $23.6 billion in 2018, General Motors at $23.1 billion in 2010 and Agricultural Bank of China at $22.1 billion in 2010.
Industry
China forms semiconductor alliance as Alibaba, CXMT join launch of huge fund
Major Chinese technology companies and state-backed investment institutions have launched a 3.91 billion yuan long-term investment fund in response to tighter U.S. technology export controls. The Changzhi Hanhai Private Investment Fund, registered in Shanghai’s Pudong New Area, aims to supply “patient capital” to support research, development and commercialisation in deep-tech fields such as semiconductors. Investors include CXMT-related entities, Alibaba affiliates and AMEC, alongside state-backed funds.
AI & Enterprise
Vesl AI named WEF Technology Pioneer 2026
AI infrastructure company Vesl AI said on Tuesday it was selected for the World Economic Forum\'s Technology Pioneer 2026 list. The programme annually selects 100 technology companies expected to have long-term impact on society and industry. Selected companies take part for 2 years as official members of the WEF innovators ecosystem and gain opportunities to attend major global events such as the Davos Forum.
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Industry
BYD probes distrust of Tesla FSD with promise of full compensation for self-driving accidents
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Industry
Unitree clears key hurdle for Shanghai IPO as China\'s humanoid robot listing wave gathers pace
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Industry
Nvidia unveils H2+ humanoid reference design with Unitree and Sharpa
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Games & Commerce
Musinsa posts Q1 operating profit of 19.0 billion won, up 8.2 percent on year
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AI & Enterprise
Chinese investors boost bets on AI and semiconductors despite economic slowdown
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Industry
Huawei aims for 1.4 nm chip density by 2031, unveils new design principle
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Mobility
Tesla confirms FSD availability in China, but rollout timing unclear; when for South Korea?
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Autos & Transportation
Tesla cuts Model 3 acceleration spec again in Canada, 0 to 100 km/h now 6.2 seconds
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Industry
Hecto Healthcare\'s Onlyritual discusses distribution cooperation with Chinese buyers
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Industry
Hanwha Group opens Pompidou Center Hanwha in Seoul
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AI & Enterprise
China\'s telecom carriers usher in era of AI token pricing plans
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Industry
OnRitual heats up Shanghai, signals global push with K-beauty routine
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Industry
K-beauty seen poised to expand in Europe as OnRitual draws interest
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Industry
K-beauty brand Onlyritual draws attention at China Beauty Expo 2026
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Industry
CBE 2026: Korean beauty trend captivates Chinese actress