AI Supplier Zhongji Innolight Shares Drop 10% in Hong Kong Debut
China's Zhongji Innolight raised HK$53.4 billion in Asia's second-largest IPO of 2026 but saw its shares fall 10% on their first day of trading.
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China's Zhongji Innolight raised HK$53.4 billion in Asia's second-largest IPO of 2026 but saw its shares fall 10% on their first day of trading.
Showing 1-22 of 22 articles.
world
The Chinese optical transceiver producer's shares fell nearly 3% after completing Hong Kong’s largest IPO of the year, impacted by a worldwide decline in AI sector investor sentiment.
South China Morning Post World | Jul 30, 2026, 2:02 AM
world
Chinese optical parts maker Zhongji Innolight plans to price its Hong Kong IPO below the maximum, marking the city's largest share sale in nearly seven years.
CNA Latest News | Jul 27, 2026, 6:16 AM
business
Taiwan Semiconductor Manufacturing Co.'s major U.S. investment highlights Arizona's growing role in the semiconductor industry, while China's expanding product influence and AI advancements intensify global competition.
Nikkei Asia | Jul 30, 2026, 9:09 AM
world
Shanghai Aishengna Electronic Technology Group leads China's effort to produce immersion deep-ultraviolet lithography tools, advancing Beijing's semiconductor self-sufficiency goals.
CNA Latest News | Jul 29, 2026, 2:57 AM
general
ChangXin Memory Technologies raises $8.6 billion in Shanghai listing, becoming mainland China’s most valuable exchange-listed company amid AI-driven chip demand.
Washington Times News | Jul 27, 2026, 12:32 PM
world
CXMT's market value tops China's stock market, surpassing ICBC after Asia's largest IPO in 2026.
CNA Latest News | Jul 27, 2026, 2:52 AM
politics
The accelerated depletion of U.S. interceptor and precision-guided weapon stockpiles amid the conflict with Iran is straining military readiness and production capabilities.
CBS Politics | Jul 24, 2026, 12:12 AM
world
The European Union has eased restrictions on Russian gas transport to prevent Chinese investors from seizing critical liquefied natural gas shipping vessels, while sanctioning Chinese and Hong Kong entities for aiding Moscow’s war effort.
South China Morning Post World | Jul 23, 2026, 5:06 PMworld
Mainland Chinese institutional investors are increasing their holdings in Hong Kong-listed biotechnology firms, attracted by favorable valuations and a rise in cross-border licensing agreements.
South China Morning Post World | Jul 16, 2026, 3:07 AMworld
Lanzhou Zhongchuan International Airport in Gansu province has gained social media praise for creating a dedicated space for a family of stray cats, allowing passengers to interact with them while serving as natural pest controllers.
South China Morning Post World | Jul 15, 2026, 10:17 AMworld
The launch of Hong Kong’s latest Connect programme on July 7, focused on gold, underscores Beijing’s cautious approach to integrating China’s financial markets with the world.
South China Morning Post World | Jul 15, 2026, 8:46 AMworld
ChangXin Memory Technologies aims to raise $8.5 billion in the largest mainland Chinese semiconductor IPO, surpassing previous records.
South China Morning Post World | Jul 15, 2026, 4:39 AMworld
After two decades of philanthropy, Warren Buffett has stopped donating to the Gates Foundation following disclosures about Bill Gates' interactions with Jeffrey Epstein.
South China Morning Post World | Jul 14, 2026, 3:49 PM
world
The Long March 10B booster was successfully retrieved using a sea platform net, marking a milestone in China's reusable rocket development.
ABC Australia News | Jul 10, 2026, 9:48 AM
business
Luxshare, Apple's largest supplier in China, raised $3.1 billion in Hong Kong's biggest listing of the year but saw its shares decline after debut trading.
Nikkei Asia | Jul 9, 2026, 2:53 AM
world
For the first time, a mainland Chinese court has taken jurisdiction over a lawsuit involving a Hong Kong-listed firm, signaling increased scrutiny on corporate disclosures amid growing mainland investment in Hong Kong markets.
South China Morning Post World | Jul 8, 2026, 4:14 AM
world
Lynas Rare Earths signs deal to develop a magnet factory in Kuantan, Malaysia, and commits to supplying materials until 2038 amid Malaysia’s review of a US$96 million rare-earths supply agreement with the US Department of Defence.
South China Morning Post World | Jul 7, 2026, 1:24 AM
business
Alibaba, ByteDance, Tencent, and others are removing personalized AI chatbot features in response to new government rules.
Nikkei Asia | Jul 6, 2026, 7:16 AM
world
Hernan Gil, a security guard, survived eight days trapped under rubble following a devastating double earthquake in northern Venezuela that killed over 3,300 people.
South China Morning Post World | Jul 6, 2026, 6:46 AM
world
Kuaishou-backed Kling AI is preparing for a major funding round amid growing competition in China’s AI video generation market, with plans for a Hong Kong IPO within the year.
South China Morning Post World | Jul 1, 2026, 2:48 PM
general
Former University of Alabama coach Nick Saban wrote a letter to the court praising Terrion Arnold's character as the ex-Detroit Lions cornerback faces serious criminal charges.
Fox News Latest | Jun 30, 2026, 10:20 PMShowing 1-22 of 22 articles.