Business
Shanghai optical computing startup secures funding for product development - September 08, 2026
Shanghai optical computing startup Guangjiu has raised tens of millions of yuan in angel funding to develop its products and test them with customers.
Shanghai quantum computing startup raises 300 million yuan - September 08, 2026
Shanghai quantum computing startup Juliang Guangqi has raised 300 million yuan in an extended angel round led by Guoxin Fund, bringing its total angel financing to 500 million yuan, the company announced on September 7.
Shanghai to reshape real estate sector, expand affordable rental housing - September 08, 2026
Shanghai plans to supply 25-28 million square meters of new commercial housing between 2026 and 2030 while renovating 30-40 million square meters of old residential communities by 2030, according to Shanghai's 15th Five-Year Plan for housing and urban-rural development.
China’s Fosun Pharma sells 6% stake in Indian unit Gland Pharma for USD294 Million - September 07, 2026
Fosun Pharmaceutical has sold a 6 percent stake in the Chinese drugmaker's Indian unit Gland Pharma via a block trade and open-market transaction for nearly INR28 billion (USD294 million).
China’s MeiG Smart jumps by limit after unveiling JV to make optoelectronic devices for AI data centers - September 07, 2026
Shares of MeiG Smart Technology surged by their daily trading limit after the Chinese wireless communication modules and Internet of Things solutions provider said it plans to ally with domestic indium phosphide laser chip startup Xingyuan Optoelectronics Technology to set up a joint venture to develop and produce optoelectronic devices to meet surging demand for such components in artificial intelligence data centers.
China launches AI-powered app to combat telecom and online fraud - September 07, 2026
China has launched an artificial intelligence-powered anti-fraud application to help the public identify and guard against telecom and online scams, the Ministry of Public Security announced last Sunday.
Saudi tech firm launches world’s first Arabic LLM built on China’s MiniMax-M3 - September 06, 2026
Humain, the tech unit of the Saudi Public Investment Fund, released the world's first large language model designed specifically for Arabic, built on the open-source MiniMax-M3 lineage by Chinese artificial intelligence startup MiniMax Group and marking a breakthrough in China's AI tech going global.
Allianz China nearly triples first-half profit, targets fourfold increase by 2030 - September 06, 2026
Allianz China Insurance Holding, China’s first wholly foreign-owned insurance holding company, nearly tripled its first-half net profit as it targets further profit growth through 2030, while industry insiders said new accounting standards also boosted its reported profit to some extent.
First stop in China! Shanghai Pudong Airport leads China with 25 mln cross-border passenger trips - September 06, 2026
Shanghai Pudong International Airport has become the first airport in China to handle over 25 million inbound and outbound passenger trips this year.
Shanghai's Bund to host AI inclusion conference - September 06, 2026
The 2026 Inclusion Conference on the Bund is set to take place from Sept 9 to 12 at the Huangpu World Expo Park in Shanghai, focusing on transforming artificial intelligence into new productive capacity and economic opportunities to benefit more people, said organizers at a news briefing last Thursday.
