Unitree jumps 629% in Shanghai debut, briefly worth $66 billion
Chinese robotics firm Unitree opened trading on the Shanghai Stock Exchange’s STAR Market on Wednesday, with the price soaring nearly sixfold. The stock was priced at 150.8 yuan per share and opened at 1,100 yuan, marking a 629.44% increase. At its highest point, the Hangzhou-based company was valued at about 445 billion yuan, or $66...
24 Hour Crypto Recap: Here’s What Happened in the Market
Bitcoin traded near $65,229, up 1.11% over the past 24 hours and holding a weekly gain of 0.82%, while Ethereum outperformed with a 3.29% daily gain to trade around $1,944, up 3.75% for the week. XRP held near $1.10, Solana rose to $76.34, and BNB traded above $572. Total crypto market capitalization stood at $2.23 […] Read The Full Article 24 Hour Crypto Recap: Here’s What Happened in the Market On Coin Edition.
Unitree clears IPO review as Nvidia picks its robots for research
Unitree Robotics clears STAR Market IPO for $616M as Nvidia picks its G1 humanoid robot for Isaac GR00T research platform.
China index reshuffle to trigger $48B in passive flows, Goldman says
China’s upcoming index rebalancing is expected to trigger more than $48 billion in gross two-way passive flows, according to Goldman Sachs, setting up a wave of mechanical buying and selling across some of the country’s biggest onshore benchmarks. The semi-annual changes affect major CSI and CNI indexes and will be implemented in mid-June. Constituents of the CSI 300, CSI 500 and CSI 1000 will be adjusted at the close of trading on 12 June, while Shenzhen-linked gauges including the Shenzhen...
China’s Yuanjie becomes best-performing stock as chipmakers extend comeback
Yuanjie took the top spot on China’s mainland stock market on Friday, pushing past Kweichow Moutai and putting chipmakers at the center of the session. Shares of the Chinese laser chip company rose as much as 9.6% to a record ¥1,439. At the same time, Moutai, China’s biggest distiller, logged its worst drop in a […]
SpaceX has a Chinese rival and it is beating it to the stock market
Even as SpaceX moves closer to what could be a record-breaking IPO expected as early as 2026, a smaller Chinese competitor is already racing ahead to tap public markets. The development highlights how global space firms are lining up for investor capital. CAS Space Technology plans to raise around 4.18 billion yuan ($607 million) in a listing on Shanghai’s STAR Market, according to a Tuesday filing reported by Reuters. The Guangzhou-based company says the funds will go mainly to developing...
China AI stocks surge as new models launch and policy push fuels rally
Chinese artificial intelligence stocks rallied on Thursday after a wave of new model releases and renewed policy backing signaled intensifying competition in the sector and broader adoption across industries. Hong Kong-listed Zhipu AI — which trades as Knowledge Atlas Technology — led gains, with its shares jumping sharply after unveiling its latest large-language model. Other […]
Chinese stocks surge on tech push while global markets tumble
Chinese stocks climbed higher on Wednesday even as markets worldwide pulled back, with investors focusing on the government’s increased efforts toward technology independence despite growing concerns about international tensions. Like the Nasdaq, the STAR 50 Index saw its largest rise in a week at its apex, rising 4.3%. By mid-afternoon, the CSI 300, which measures […]
China to fast track IPOs for reusable rocket tech firms in space race
China’s Shanghai Stock Exchange now allows commercial rocket companies to access capital from public investors while their products are still developing. China has announced new regulations that will make it significantly easier for commercial rocket companies developing reusable launch technology to access public capital markets. New requirements to list on the STAR market The Shanghai […]
China’s leading Nvidia rival Moore Threads surges 411% in first trades after STAR‑Market listing
Moore Threads hit the Shanghai STAR Market on Friday, and the stock surged by an astonishing 411% in the first session. The price rose from an IPO level of 114.28 yuan straight to 584.98 yuan. Moore Threads is now China’s second‑largest onshore IPO of the year, after Huadian New Energy Group’s $2.7 billion deal in […]
