Business
MiniMax sinks for second day as Chinese AI firm sets out USD2 billion fundraising plan - July 12, 2026
MiniMax Group’s shares tumbled for a second day in a row after the Chinese artificial intelligence startup unveiled plans to raise HKD16 billion (USD2 billion) by selling new shares and convertible bonds and the initial lock-up period following its January stock market listing expired.
Shanghai ranks second among shipping centers - July 12, 2026
Shanghai has ranked second among leading international shipping centers, according to a report released last Friday.
China's StepFun to launch AI agent smartphone as AI race moves to devices - July 09, 2026
Shanghai Jieyue Xingchen Intelligent Technology is preparing to launch its first artificial intelligence agent mobile phone, Yicai learned from sources in the smartphone supply chain. The Chinese larg
'Shanghai took the lead': Lightelligence founder bets on optical computing for AI era - July 09, 2026
Silicon photonic chips will account for more than 30 percent of chips in computing centers within five years, up from less than 3 percent at present, according to Shen Yichen, founder of Shanghai-based optical computing firm Lightelligence.
Yangtze 3 debuts Chongqing-Shanghai cruise route - July 09, 2026
A premium inland cruise route connecting Chongqing and Shanghai, operated by China Yangtze Shipping Group's flagship vessel Yangtze 3, was officially launched on Wednesday, marking the first Yangtze River cruise service to call at Shanghai Wusongkou International Cruise Terminal.
MetaX scales production to meet rising AI chip demand - July 09, 2026
Chinese GPU maker MetaX Integrated Circuits is racing to scale production as "domestic AI computing demand far exceeds supply", with customer orders already stretching well into next year, said the company's co-founder and chief technology officer Peng Li.
Shanghai exploring new certification model to help exporters and companies going overseas - July 09, 2026
Shanghai is exploring a new certification model that could allow test results or certificates to be recognized across multiple markets, reducing compliance costs for exporters and making it easier for companies to enter overseas markets.
Chinese kitchen appliance maker Aishida bets on robotics through AgiBot alliance - July 08, 2026
Aishida has partnered with humanoid robot startup AgiBot to accelerate its robotics business, its second core business after kitchen appliances.
Shanghai plans 50 new liveable rural communities by 2030 - July 08, 2026
Shanghai plans to develop at least 50 rural communities into attractive, liveable places by 2030 under a new rural modernization plan.
Shanghai bio-tech leaders pioneer AI-assisted protein synthesis platform - July 08, 2026
China's efforts to combine artificial intelligence with biotechnology are moving from computer models to laboratory experiments, as a national research facility launches an automated platform capable of rapidly turning AI-designed proteins into physical samples for testing, potentially shortening a process that has traditionally taken months.
