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The Latest Breaking News from Shanghai

CXMT's 466% listing pop makes it China's most valuable firm

CXMT Corp shares surged 466 percent on their Shanghai trading debut. This IPO became Asia's largest this year, boosting the chipmaker's valuation. The company is now China's most valuable listed firm, surpassing a major bank. Investor interest stems from exposure to the current memory supercycle. This strong performance occurred despite…

The Economic Times

EXCLUSIVE: Why TEMA ETF Is Buying China’s Memory Champion Without Selling Micron

China’s newest memory champion – ChangXin Memory Technologies (CXMT) – is finally public on the Shanghai market.

Benzinga

China begins mass production of homegrown immersion chipmaking machines in major breakthrough, report claims — first DUV lithography units will be delivered this year to SMIC, Hua Hong, and CXMT

A state-backed company in Shanghai has begun mass-producing immersion deep ultraviolet lithography machines and is due to deliver the first units this year.

Tom’s Hardware

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China charges alleged scam kingpin Chen Zhi with intentional injury

SHANGHAI — Alleged scam-network mastermind Chen Zhi could face the death penalty, with Chinese prosecutors adding intentional injury to the list of charges against him.

Bangkok Post

CXMT IPO Debut: China's $8.6B Memory Listing Hits Shanghai as RAM Shortage Lifts UK Laptop and Phone Prices

CXMT's record-breaking IPO impacts British retailers as the memory chip shortage drives up prices. Learn which UK retailer secured stock early and what this means for consumers.

International Business Times UK

China’s Biggest Chip IPO Creates a $500 Billion Rival for Micron as Apple Reportedly Tests CXMT Memory Chips

China’s premier semiconductor manufacturer, ChangXin Memory Technologies (CXMT), skyrocketed in its Shanghai stock market debut to surpass a $500 billion valuation.

Benzinga

Chinese memory maker CXMT posts blistering 466% leap in Shanghai IPO — bulk of spending to be focused on DRAM production, no HBM in sight

The prospectus splits 29.5 billion yuan across three projects.

Tom’s Hardware

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China memory chipmaker CXMT's shares soar in blockbuster listing

Shares of CXMT, China's largest memory chipmaker, soared on Monday after they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years.

Euronews

Explainer: Why investors are betting big on China’s chipmaker CXMT

China's ChangXin Memory Technologies (CXMT) became the country's most valuable listed company after its shares surged 470% on their Shanghai debut. The blockbuster listing, Asia's largest IPO this year, highlights strong investor confidence in China's semiconductor ambitions as Beijing pushes for greater technological self-reliance amid global chip competition.

The Economic Times

Global Market: China stocks rise as CXMT's blockbuster debut lifts market sentiment

Chinese stocks recovered on Monday after a strong debut by memory chipmaker CXMT Corp. The benchmark CSI300 Index and Shanghai Composite Index saw gains amid investor optimism. CXMT shares surged significantly, briefly making it China's most valuable listed company. Regulators introduced supportive measures to stabilize markets after recent sharp selloffs.…

The Economic Times

Oil prices sink 4% while Asian shares gain as Chinese chipmaker CXMT soars in Shanghai trading debut

Shares are mostly higher in Asia as oil prices slipped more than 4% after the U.S. and Iran paused their attacks for a second night

The Independent UK

How memory chipmaker CXMT became the most valuable company in mainland China

CXMT becomes China's most valuable listed company after blockbuster Shanghai debut

The Independent UK

Global Market: CXMT shares soar 470% in Shanghai debut, becomes China's most valuable listed company

CXMT Corp shares surged dramatically on their Shanghai trading debut. The memory chipmaker's stock price increased by as much as 470%. This surge briefly made CXMT China's most valuable listed company. The blockbuster listing offers investors a test of appetite for the semiconductor sector. CXMT raised over $8 billion through…

The Economic Times

China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO

At the IPO price, CXMT is valued at about 579 billion yuan ($85.5 billion) before the possible exercise of the over-allotment option, making it one of China's largest listed semiconductor companies. The company's IPO is the biggest mainland Chinese semiconductor offering on record, surpassing SMIC's $7.5 billion Shanghai share sale…

The Economic Times

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The Economic Times

Memory frenzy fuels CXMT's historic debut

CXMT Corp's Shanghai debut is anticipated to be historic after a near-record IPO. The company is poised to become China's largest listed firm on its first trading day. This significant offering taps into global demand for memory chips and AI development. CXMT is China's best hope for reducing foreign supplier…

Fashion Times

Zendaya Keeps Her 'Spider-Man' Style Streak Alive in Archival Atelier Versace on the Red Carpet

See why Zendaya's archival Atelier Versace gown is making headlines as one of the year's biggest celebrity style and red carpet fashion moments.

Fortune

Moonshot, DeepSeek, and the Great Chinese AI IPO Rush

Beijing's AI leaders are rushing toward the public markets, using IPOs to fund an escalating arms race against U.S. frontier models.

The Independent UK

Shanghai science forum photos show China's AI and robotics advances in rivalry with US

China's leading technology companies showcased hundreds of cutting-edge products at the World AI Conference in Shanghai — from advanced robotics to artificial intelligence systems.

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Bangkok Post

China’s C919 passenger jets to enter service on first international route

The Chinese-made C919 passenger jet will make its first scheduled international flights next month in a significant milestone for the country's ambitions to become self-sufficient in aerospace.

Bangkok Post

Chinese leader urges Thailand and Cambodia to settle long-running border dispute

SHANGHAI - Chinese President Xi Jinping has urged Thailand and Cambodia to resolve their border dispute after meeting both countries' leaders on the same day.

Bangkok Post

Xi pitches China as leader of new global AI order

Reuters China correspondent Laurie Chen reports on Friday (July 17) from the World Artificial Intelligence Conference (WAIC) in Shanghai, where Chinese President Xi Jinping cast Beijing as the champion of a new global AI order, using China's premier tech conference to promote open-source technology and challenge U.S. influence over the…

Bangkok Post

PM sells Kazakhstan on 'gateway to Asean'

Prime Minister Anutin Charnvirakul highlighted Thailand's role as a gateway to the Asean market during bilateral talks with Kazakhstan's President Kassym-Jomart Tokayev on the sidelines of his visit to Shanghai.

Euronews

Xi hails 'new level' in ties as China and Kazakhstan sign €11.4bn in deals

Xi Jinping and Kassym-Jomart Tokayev signed more than 70 commercial agreements on the sidelines of the World AI Conference in Shanghai, including Central Asia's first battery plant with CATL and a new Caspian port terminal.

Bangkok Post

China's Xi says AI should not be dominated by one country

SHANGHAI - Artificial intelligence should not be dominated by a single country, China's President Xi Jinping said on Friday, urging international cooperation on its development at a major conference in Shanghai.

The Economic Times

China's Xi promotes China's commitment to AI access in speech at Shanghai conference

President Xi Jinping highlighted people-centered AI development at the World Artificial Intelligence Conference. He stressed China's commitment to equitable AI access for developing nations. This initiative aims to prevent new historical injustices in artificial intelligence. China plans international cooperation with African and BRICS countries.

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