Search results for Shanghai Stock Exchange
Industry
Unitree IPO frenzy leaves question of when robots will do housework
China’s humanoid robot maker Unitree has pulled off a record-breaking IPO, but attention is shifting from flashy demonstrations to whether its robots can earn money in factories and homes. The company raised about $900 million and was valued at about 61 billion yuan, with heavy subscription demand. Analysts and filings point to limits in dexterity, durability and battery life, while high valuation and U.S. regulatory risks loom.
Crypto
Chinese AI chip stocks trade first on crypto exchanges as overseas funds seek access
Overseas investors are effectively investing early in Chinese AI semiconductor companies through perpetual futures on cryptocurrency exchanges, an analysis said. With direct access to mainland Chinese equities limited, investors are betting on pre-listing prices via crypto derivatives. Trading has surged ahead of ChangXin Memory Technologies\' planned STAR Market listing. The products allow round-the-clock trading without owning shares and are seen as a way to bypass China’s foreign investment restrictions and perform price discovery before IPO pricing.
Industry
China\'s top DRAM maker CXMT launches $4.3 billion Shanghai IPO, test for AI memory push
ChangXin Memory Technologies (CXMT), China’s largest DRAM maker, is launching a Shanghai IPO worth about $4.3 billion as AI data centre demand drives a surge in memory needs. Subscriptions on the STAR Market are set to begin on July 16. The company plans to raise 29.5 billion yuan by selling about 6.69 billion shares, around 10 percent of total shares after listing, with an overallotment option also secured.
