Star Market
Coverage of Star Market in the Nexus archive.
- China’s top DRAM maker sets date for US$4.3b Shanghai IPO amid memory boom
ChangXin Memory Technologies (CXMT), China’s leading DRAM maker, set a subscription date for a US$4.3 billion Shanghai IPO on July 16, with the offering expected to be the second-largest on the Star Market. The company, based in Hefei, Anhui, will hold its initial price consultation on Monday.
- As tech rallies and consumer shares lag, China’s stock market forms microcosm for economy
China’s stock market reflects economic unevenness, with technology companies leading a 50% rise in the Star Market due to AI enthusiasm, while consumer stocks like Kweichow Moutai underperform. AI chipmakers Cambricon Technologies and Moore Threads Technology are among the top performers.
- China’s Big Fund becomes SMIC’s third-largest shareholder after record Star Market buyout
China’s state-backed Big Fund has become the third-largest shareholder of Semiconductor Manufacturing International Corporation (SMIC) following a record acquisition of a manufacturing subsidiary on Shanghai’s Star Market. The deal involved SMIC issuing 547 million shares worth 40.6 billion yuan ($6 billion) to five shareholders.
- Shanghai clarifies IPO path for cash-hungry AI labs racing against US
The Shanghai Stock Exchange has clarified listing rules for unprofitable artificial intelligence model developers, requiring a minimum 4 billion yuan market cap for public listings on the Star Market. This comes as China's large language model firms seek capital to compete with US labs in an intense development race.
- Unitree’s IPO progress spurs stock buying of firms with exposure to humanoid robot maker
Unitree Robotics' progress toward a domestic IPO on Shanghai's Star Market has triggered a stock buying frenzy for companies with exposure to the humanoid robot maker. The exchange authority will vet Unitree's application next week, signaling a key step in its path to listing.
- Unitree Robotics reports plunge in first-quarter profits days before crucial IPO hearing
Unitree Robotics, a leading Chinese humanoid robot company, reported a significant first-quarter profit decline amid rising expenses and a price war, raising concerns ahead of its June 1 Shanghai Stock Exchange Star Market IPO review. The company's financial struggles threaten its public listing plans.
- Unitree Robotics reports plunge in first-quarter profits days before crucial IPO hearing
Unitree Robotics, a leading Chinese humanoid robot company, reported a significant first-quarter profit decline amid rising expenses and a price war, just before its June 1 IPO listing hearing on the Shanghai Stock Exchange's Star Market. The company's financial struggles could impact its IPO prospects.