China · Business
Same event, multiple sources, transparently cited.
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Zhongji Innolight targets up to $8 billion in Hong Kong's largest IPO in seven years
Chinese optical transceiver maker Zhongji Innolight aims to raise about $8 billion in a Hong Kong IPO set for July 30, 2026.
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Samsung Biologics to acquire Swiss drugmaker PolyPeptide in $1.8 billion cash deal
Samsung Biologics announced an all-cash offer to buy Swiss peptide drugmaker PolyPeptide Group AG for about $1.8 billion.
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Global chip stocks tumble amid AI spending concerns and geopolitical tensions
Semiconductor stocks plunged worldwide in mid-July 2026 as investors questioned AI spending and reacted to Middle East conflicts.
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Apple seeks AI chip startups to boost AI server processor development
Apple is pursuing acquisitions of semiconductor startups to enhance AI server chip capacity amid delays with its next-gen processor.
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Stripe and Advent International offer over $53 billion to acquire PayPal
Stripe and Advent International jointly offered to buy PayPal for more than $53 billion, valuing the company at $60.50 per share, a 28% premium.
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China's new home prices decline slows in June 2026 amid uneven city-level trends
China's new home prices fell 0.1% in June 2026, easing from May's 0.2% drop, with tier-one cities showing modest gains while others lagged.
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TSMC reports 36% revenue surge in Q2 2026 driven by strong AI chip demand
TSMC's Q2 2026 revenue jumped 36% year-on-year to NT$1.27 trillion amid robust demand for AI chips.
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Hyundai Motor workers begin three-day partial strike over pay dispute
Hyundai Motor's labor union launched a three-day partial strike from July 13 to 15, 2026, over failed wage negotiations.
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Samsung Electronics to Start Yongin Chip Factory Operations by 2029, Advancing Schedule
Samsung Electronics announced it will begin operations at its Yongin chip fabrication plant by 2029, one to two years earlier than originally planned.
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China's Consumer Inflation Slows in June as Factory Prices Dip for First Time Since 2025
China's CPI rose 1.0% year-on-year in June 2026, slowing from May, while factory gate prices fell 0.3% month-on-month, the first drop since July 2025.
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Chinese economist Gao Shanwen, critic of official GDP data, dies at 54 or 55
Chinese macroeconomist Gao Shanwen, known for questioning China’s GDP growth figures, died July 7 reportedly from cancer and illness.
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Amazon plans $25 billion bond sale to fund AI infrastructure and capital needs
Amazon announced a $25 billion US dollar bond sale in up to eight tranches to support AI investments and corporate expenses.
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China's July 2026 Exports Rise 23.9% on Strong AI-Driven High-Tech Demand
China's exports grew 23.9% year-on-year in July 2026, led by surging semiconductor and high-tech product shipments amid robust global AI investment.
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Apple negotiates to buy memory chips from blacklisted Chinese firms despite US opposition
Apple is negotiating to purchase memory chips from two Chinese companies on a US Pentagon blacklist amid ongoing chip shortages.
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SpaceX Lockup Expiration Unlocks 911.5M Shares Without Immediate Sell-off
On August 6, 2026, SpaceX unlocked 911.5 million shares, doubling free float, but shares rose 6.14% instead of selling off.
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European Commission Charges Temu for Non-Cooperation in December 2025 Raid
The European Commission formally charged Chinese retailer Temu with failing to cooperate during a December 2025 raid on its European headquarters.
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Sony boosts full-year profit forecast after strong Q1 driven by entertainment and currency gains
Sony reported a 40% rise in Q1 operating profit and raised its full-year outlook, citing strong entertainment sales and favorable currency effects.
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Record Low Danube Water Levels Force Nuclear Plant Shutdowns in Hungary and Romania
Historic drought and heat waves have dropped Danube water levels, causing Hungary’s Paks and Romania’s Cernavoda nuclear plants to reduce output and shut reactors.
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Taiwan detains Nvidia employee in AI chip smuggling probe involving China
Taiwan prosecutors detained Nvidia employee Chang amid investigation of illegal shipment of AI servers to China.
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Chinese AI optical maker Zhongji Innolight raises US$6.8 billion in Hong Kong IPO with shares falling on debut
Zhongji Innolight raised US$6.8 billion in a Hong Kong IPO, but its shares fell 2-4% amid a global selloff in AI stocks.
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Shein reports 38.7% profit drop in 2025 ahead of Hong Kong IPO
Shein’s net profit fell 38.7% to $2.064 billion in 2025 while revenue grew 8%, as it prepares for a Hong Kong IPO.
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China fines Trip.com 5.18 billion yuan for abusing dominant hotel booking position
China’s market regulator fined Trip.com 5.18 billion yuan for abusing dominance in the online hotel booking market.
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Nike to end online reseller sales in China, focusing on official digital stores from 2027
Nike will halt online sales through thousands of Chinese resellers starting January 1, 2027, consolidating sales on official digital platforms.
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UK government nationalises British Steel, Chinese owner demands full compensation
The UK nationalised British Steel in July 2026, triggering Chinese owner Jingye Group to demand compensation and launch legal actions.