Chinese memory giant CXMT is proceeding with its Shanghai listing, with a share offering expected to raise at least $4.3 billion. This move positions CXMT as a key player challenging global leaders in the growing memory-chip market, driven by AI demand.
China's CXMT is set for a 29.5 billion yuan IPO on Shanghai's Star Market. The memory chipmaker benefits from a global shortage driven by AI demand, reporting a 719% revenue jump in Q1. CXMT is securing orders from tech giants like Tencent and ByteDance, and Apple is lobbying for clearance to buy from them.
A single mother in Hefei, China, known as 'Spider-Woman,' is earning praise for her dangerous work cleaning high-rise exteriors to fund her son's cerebral palsy treatment after her savings were depleted and she sold her home.
Chinese lithography firm CFMEE plans a Hong Kong IPO next week, aiming to raise up to $410 million to fund strategic investments, R&D, and capacity expansion as China pursues semiconductor self-sufficiency.
The China-ASEAN Center, Hefei Foreign Affairs Office, and Thailand's SME Bureau jointly organized a training session on trade and investment facilitation for SMEs from May 25-26, 2026. Over 100 representatives from China and ASEAN countries attended, focusing on RCEP, trade rules, and digital platforms.
CXMT reported a 719% revenue surge to $7.4 billion and a net profit of $33 billion in Q1, a dramatic turnaround from a loss last year. Its shareholder structure, blending state and private capital, highlights its strategic importance in China's semiconductor supply chain.
Madagascan youth Wang Shuangqing (Rakotondrasoa Sahaza Delis), who has lived in Hefei for nearly 10 years, works as a "science equipment translator" at a visualization company. He uses photography to make complex scientific equipment and achievements understandable to the public, finding the work deeply fulfilling.
The Communist Party chief of Hefei – a growing tech hub and capital of China’s central Anhui province – has been placed under investigation, the country’s top corruption watchdog announced on Wednesday. Fei Gaoyun, once widely recognised as a rising star in the “seventh-generation” of future national leaders, is the latest senior official to be snared in President Xi Jinping’s long-running anti-corruption campaign. The 54-year-old’s career trajectory was typical of China’s emerging generation of...
A senior Buddhist monk in China has become an internet sensation for his passion for electronic games. Venerable Huayan from Mingjiao Temple in Hefei, Anhui province, has been playing video games since primary school in the early 2000s, with Counter-Strike being his favorite. He achieved the prestigious Legendary Eagle Master rank and spent 40,000 yuan on computer equipment. While his temple takes a neutral stance, some criticize that playing violent games is inappropriate for a religious figure.
