Business
SMIC clears regulatory hurdle for China’s biggest chip foundry acquisition - May 12, 2026
Semiconductor Manufacturing International Corporation, China’s largest contract chipmaker, has received stock exchange approval to proceed with the biggest ever acquisition deal in the country’s wafer foundry industry.
Chipmaking material to reduce China’s reliance on imports - May 12, 2026
Shanghai Artificial Intelligence Laboratory and several research partners have achieved the stable production of krypton fluoride (KrF) photoresist resin, a key material used in chip manufacturing, in a breakthrough that could reduce China’s reliance on imported high-end photoresist.
SH to test new policies for foreign law firms - May 11, 2026
The paperwork used to go to the central government. Now it doesn't. That is, more or less, the entire story of what the State Council approved on April 27: a set of targeted adjustments to the Regulations on Representative Offices of Foreign Law Firms in China, effective immediately in Shanghai, shifting approval authority for certain routine administrative changes from the Ministry of Justice down to the Shanghai Justice Bureau.
China's Jinko Solar to sell controlling stake in US plant for USD192 million to avoid regulatory risks - May 11, 2026
Jinko Solar said it will sell its controlling stake in its solar module factory in Florida for USD192 million to mitigate regulatory risks from the US government while ensuring the world’s largest solar panel supplier can continue benefiting from local growth opportunities.
Spring Airlines soars above China’s other listed carriers for profit and pay - May 11, 2026
Spring Airlines retained its position as the most profitable listed airline in China last year, while also paying the highest average salary per employee among A-share listed carriers, according to a Yicai review of airline financial reports.
Refurbished medical devices take center stage at Shanghai Summit - May 11, 2026
China's medical devices and healthcare services attract more international patients and procurement agents to Shanghai due to unique product portfolios, cutting-edge technologies, strict quality control, and competitive pricing. Since pioneering the export of refurbished medical devices, the city has promoted international medical cooperation and high-quality global medical tourism.
Jing'an tests rent-free pop-ups for young brands - May 11, 2026
At 812 Julu Road in Jing'an District, a pop-up space called Jing'an Youth Gravitational Field, also known as Lab812, is letting young brands test physical retail without paying rent – an unusual offer in a city where opening a store can cost tens of thousands of yuan upfront.
China's Infinigence AI raises USD102.9 million in new funding round - May 10, 2026
Infinigence AI, co-founded three years ago by a Tsinghua University academic, has raised over CNY700 million (USD102.9 million) in a new fundraiser, bringing its total funding to over CNY2.2 billion (USD323.3 million) and maintaining its position as the top artificial intelligence-native infrastructure company in China in this regard.
StepFun to raise nearly USD2.5 billion as Chinese AI startup advances Hong Kong IPO - May 10, 2026
StepFun, one of China's six "artificial intelligence tigers," is set to complete a new funding round worth almost USD2.5 billion, while having dismantled its red-chip structure to accelerate preparations to go public in Hong Kong, a source told Yicai.
Shanghai Y50 Forum for Innovation and Entrepreneurship boosts support for startups - May 10, 2026
Shanghai is building a supportive environment for young entrepreneurs from around the world as part of efforts to become a global center for science and innovation, Yicai learned at the seventh Shanghai Y50 Forum for Innovation and Entrepreneurship.
