Chinese memory-chip maker CXMT became the mainland’s most valuable listed company, overtaking ICBC after its blockbuster IPO.
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Chipmaker CXMT becomes mainland China’s most valuable listed firm
The surge has pushed CXMT’s stock market valuation to around 3.3 trillion yuan ($487.3bn; £364.9bn), making it the most valuable listed company in mainland China. The spectacular debut comes despite a …
China’s industrial profits grow at slowest pace this year
Profit growth at China’s industrial companies slowed to its lowest pace this year in June, according to official data that underlined an uneven rebound in earnings across the world’s second-largest …
China memory chipmaker CXMT skyrockets 470% in blockbuster Shanghai debut
The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.
ChangXin Memory Technologies IPO becomes largest in mainland China since 2010
ChangXin Memory Technologies raised 57.9 billion yuan in China’s largest IPO since 2010, signaling massive investor appetite for semiconductor …
China memory chipmaker CXMT skyrockets 470% in Shanghai debut
China’s fourth largest DRAM maker CXMT debuts on Shanghai market Monday …
China memory chipmaker CXMT set for Shanghai debut after Asia’s biggest IPO
By Yantoultra Ngui and Samuel Shen SINGAPORE/SHANGHAI, July 27 (Reuters) – Shares of CXMT Corp are set to start trading in Shanghai on Monday after Asia’s biggest IPO this year, putting the Chinese …
Crypto exchanges are giving foreign traders access to Chinese AI stocks
Crypto traders are getting access to China’s AI stock rush through a route Beijing did not build for them. Instead of buying mainland shares, offshore investors are using perpetual futures tied to …
Shein flags tariff hits after posting quarterly loss ahead of Hong Kong IPO
The financial details give investors a sharper look at the pressure facing Shein as it seeks new funds while costs rise, growth slows and regulatory scrutiny intensifies.
Shein swings to quarterly loss ahead of Hong Kong IPO
By Liz Lee and Yantoultra Ngui BEIJING/SINGAPORE, July 26 (Reuters) – Shein swung to a $99 million net loss in the first quarter of this year, the draft Hong Kong listing prospectus of the online…
Typhoon Noul: Shenzhen girl, 6, blown away by gale, runs back to safety
The strongest storm to hit China so far this year made landfall some 55km from the spot As Typhoon Noul barrelled into southern China on Sunday with winds reaching 160km/h (99mph), violent gusts …
Pursuit of ‘quality homes’ injects new impetus into China’s property market
On May 1, new national standards for residential projects took effect, putting the improvement of housing quality in China on a faster track. The updated guidelines set higher requirements for factors …
