Business
China grants first global approval for felzartamab - August 16, 2026
Chinese biotechnology company TJ Biopharma and US-based Biogen Inc announced last Thursday that felzartamab for injection had received marketing approval from China's National Medical Products Administration.
China’s SMIC, Hua Hong post triple-digit profit gains for second quarter as AI chip demand surges - August 16, 2026
China’s Semiconductor Manufacturing International Corporation and Hua Hong Grace Semiconductor reported triple-digit profit increases for the second quarter, as the two Chinese foundry giants benefited from soaring demand for artificial intelligence chips and tight supply of older process nodes.
Shanghai unveils 2030 AI roadmap with 100,000 GPU clusters, private sector subsidies - August 13, 2026
Shanghai plans to build 100,000 AI GPU computing clusters by 2030 and offer subsidies to private firms developing and training AI models.
Unitree allots 70% of IPO shares to institutions as less than two in 10,000 retail investors get equity - August 13, 2026
Unitree Robotics, the Chinese robotics startup that will go public in Shanghai this month, has allocated more than 70 percent of the offering’s shares to offline institutional investors, while fewer than two in 10,000 online retail investors have secured equity.
Lululemon rival Alo Yoga opens online stores in China - August 13, 2026
Lululemon’s main North American rival Alo Yoga has entered China’s increasingly competitive and value-conscious activewear market, opening a flagship store on retail platform Tmall and a WeChat mini program boutique.
Akeso's ivonescimab adds third lung cancer indication in China - August 13, 2026
Chinese drugmaker Akeso has received approval to use ivonescimab with chemotherapy for advanced squamous non-small cell lung cancer.
Rain can't dampen enthusiasm for Shanghai Book Fair - August 12, 2026
Despite the heavy rain, the public's enthusiasm for the opening of the Shanghai Book Fair remained high. This reading carnival will take place across the city next week. At the Shanghai Exhibition Center, crowds of visitors poured in on the very first day.
CXMT enters MSCI index in record 14 days - August 12, 2026
China's leading memory chipmaker, ChangXin Memory Technologies (CXMT), was officially added to the MSCI China All Shares Index on Monday, just two weeks after its blockbuster debut on Shanghai's STAR Market. This marks the latest sign of global investors' growing appetite for Chinese assets, especially in the hard-tech sector.
China speeds up building of second high-speed railway linking Beijing and Shanghai - August 12, 2026
Amid the country's new push to increase the operating mileage of railways, Chinese State builders are making progress in bolstering construction of a second high-speed railway that will link Beijing and Shanghai.
Former Qwen AI head sets up AI startup backed by Tencent - August 12, 2026
Lin Junyang has established an artificial intelligence startup around five months after leaving his role as technical leader of Alibaba Group Holding's Qwen team, with the new company securing investments from Chinese internet giant Tencent Holdings, among others.
