Yalong River (Kangding) Energy Technology Co. , Ltd. was established on July 28 with registered capital of RMB 50 million. The joint venture is jointly held by Yalong River Basin Hydropower Development Co. , a subsidiary of SDIC Power, and Kangding City Natural Energy Co. Its business scope includes power generation, transmission, distribution, wind power technology services, energy storage services, and new energy technology research and development. Wang Lin is the legal representative.
Duan Yongping, a prominent investor and second largest shareholder of Pop Mart with a 7.65% stake, deleted a controversial comment after a user inquired about the impact of founder Wang Ning's unexpected accident. Duan's reply downplayed the user's own risk, sparking a heated exchange. The incident underscores investor sensitivity to succession risk in founder-led companies.
French prosecutors confirmed that Renault will face a criminal trial for serious fraud over allegations it installed emissions-cheating devices in its diesel vehicles to evade environmental regulations. The indictment was signed on July 24 and notified to parties on July 27, making Renault the second automaker after Volkswagen to be referred to a French criminal court in the dieselgate scandal.
Samsung will exclusively supply OLED touch screen panels for Apple's new MacBook Ultra. The first batch, covering 14-inch and 16-inch models, will be produced on Samsung's 8.6-generation OLED line in Asan, South Chungcheong Province, with an initial volume of about 250,000 units. Mass production is scheduled to begin around August, and the MacBook Ultra is expected to launch in early 2027. Apple dropped LG Display and BOE during early development due to yield issues. The accompanying macOS 27 will introduce a new generation of touch-optimized interaction.
Ningbo Port, a major Chinese port operator, announced on July 28 that its chairman, Zhu Miao, has proposed that the company's 2026 interim profit distribution amount be no less than 30% of its distributable profit for the first half of 2026. The calculation will use the total share capital on the record date for the 2026 interim distribution plan.
Guo Shigang, former general manager of Anhui Guoyuan Financial Holding Group Co. , Ltd. , is under investigation by the Anhui Provincial Commission for Discipline Inspection and Supervision for suspected serious violations of discipline and law. The commission is conducting both disciplinary review and supervisory investigation into the matter, as announced by the provincial disciplinary authority.
Huadian Power International’s chairman has proposed a 2026 interim dividend of RMB 0.9 (including tax) for every 10 shares held, based on the total share capital on the record date for the 2026 interim profit distribution plan. The plan does not include bonus shares or a capital reserve increase.
A 7.1-magnitude earthquake struck Kumamoto Prefecture on July 28, followed by a 5.8 aftershock, killing at least 18 and causing widespread damage. TSMC's JASM factory in Kumamoto resumed operations after safety checks, with its first plant producing 12-28nm chips since December 2024. The site accounts for 3% of TSMC's total capacity. However, Tokyo Electron Kyushu, a subsidiary of Tokyo Electron Ltd. , remained shut on July 29, raising concerns over equipment supply. The subsidiary holds a 91% global market share in coating and developing equipment.
Wanfu Biotechnology's actual controller and controlling shareholder, Wang Jihua, plans to increase his stake in the company through centralized bidding transactions. The total amount of the increase will be no less than 2000 ten-thousand yuan and no more than 4000 ten-thousand yuan. No price range has been set for this increase.
Since 2026, Ping An Bank Shanghai Branch has advanced its compliance culture by conducting full-coverage self-inspections to identify and rectify risk hazards. The branch coordinates multiple departments, establishes special ledgers for issues, and focuses on high-risk areas such as anti-money laundering and consumer protection. It embeds risk controls into various service scenarios, includes compliance performance in evaluations, and plans to build a long-term rectification review mechanism to strengthen internal controls.
On July 28, 360 released its new enterprise AI agent work platform 'NanoWork', targeting business owners, entrepreneurs, and employees. Founder Zhou Hongyi announced a 100 million Token trial quota for each first-batch user. The company plans to help 1,000 small businesses achieve AI adoption and improve operational efficiency through professional training and support services.
Bio-Thera Solutions expects a net loss of 230 million to 290 million RMB for the first half of 2026, widening from the prior period as research and development expenses rose by more than 100 million RMB. Sales of its adalimumab injection (Geloli) and tocilizumab injection (Shiruli) increased steadily year-on-year, but expense growth outpaced revenue growth, leading to the larger loss.
Changxin Technology debuted on the STAR Market on July 27, 2026, with its market capitalisation closing above RMB3.2 trillion, surpassing Intel. Founder Zhu Yiming committed 768 million shares—half of his 1.536 billion shares—to a ten-year employee incentive plan valued at about RMB36.75 billion, with no new share issuance. Shares begin vesting after a 36-month lock-up, with full distribution over ten years. Zhu also agreed not to sell his remaining shares for a decade. Major shareholders include Hefei state-owned entities (36.79%), Alibaba affiliates (4.97%), and Tencent (1.50%), alongside Nio, BYD, and national funds. The company employs nearly 20,000 people, with 6,259 in R&D.
Wondfo Biotech, founded in 2000, announced a share repurchase of 30 million to 60 million yuan for equity incentives, at a cap of 27.06 yuan per share. Chairman Wang Jihua plans to increase his holdings by 20 million to 40 million yuan. Wang directly holds 10.6% of the company, and together with his spouse holds 31.5%. The repurchase will lift restricted shares from 8.12% to 8.60% or 8.36%.
Universal Scientific Industrial (Shanghai) (USI) released its 2026 first-half preliminary earnings report. Revenue reached RMB273.36 billion, up 0.45% year-on-year, while net profit attributable to shareholders rose 28.85% to RMB8.22 billion.
The Doubao search service, launched on July 28 by Volcano Engine, offers cross-language, multimodal, and multi-vertical online information retrieval. It integrates global internet information, industry-specific knowledge, and ByteDance's exclusive content resources to construct an AI Agent for enterprises and developers. The service aims to provide comprehensive search capabilities across languages, modalities, and verticals, leveraging ByteDance's proprietary content and industry expertise.
Shagang Group and China Iron & Steel Research Institute Group signed a strategic cooperation agreement on July 27, covering the entire chain from research and development, pilot testing, to industrialization. The systematic partnership aims to bridge the gap between laboratory research and production lines, accelerating the conversion of key technologies. This move is expected to enhance the efficiency of technology transfer in the steel industry.
The UK Court of Appeal has dismissed Microsoft's appeal, upholding a ruling that perpetual Windows and Office licenses purchased by enterprises can be resold. ValueLicensing, a second-hand software dealer, claims 270 million pounds from Microsoft for allegedly restricting the secondary market. Microsoft plans to appeal to the UK Supreme Court, pausing most proceedings pending a decision on whether the court will hear the case.
SHEIN has passed the main board listing hearing of the Hong Kong Stock Exchange, targeting a valuation of $40 billion to $50 billion, down more than 50% from its $100 billion peak in 2022. The fast-fashion giant's revenue growth slowed to 8% in 2025 from 41.1% in 2023, while net profit fell 38.7% to $2.064 billion. Rising tariff costs in the U. S. and EU are pressuring margins, with fulfillment expenses reaching 45.6% of revenue in 2025. The IPO will trigger conversion of $17.294 billion in preferred share liabilities.
Yuan Xifan, former deputy chief engineer of China Southern Air Holding Group, is suspected of serious violations of discipline and law. He is currently under disciplinary review by the discipline inspection and supervision group of the Central Commission for Discipline Inspection and the National Supervisory Commission stationed at the company, and under supervisory investigation by the Shenyang Municipal Supervisory Commission in Liaoning Province.
Apple shares closed at a record $336.91 on July 28, lifting its market capitalization to approximately $4.93 trillion and overtaking Nvidia, which fell nearly 5% to $4.78 trillion, to regain the title of the world's most valuable listed company. Apple outperformed the Nasdaq 100 by 23 percentage points in July, its largest monthly lead since 2005, while maintaining restrained capital expenditure. The company pays Google about $1 billion annually for AI models used in Siri, avoiding heavy spending on large model training. In contrast, Alphabet raised its 2026 capex guidance to $195-205 billion and reported its first negative free cash flow since 2004, while Tesla increased spending on autonomous driving and robotics. Apple's global smartphone market share rose from 17% to 20% despite memory chip price pressure. Its price-to-earnings ratio stands at about 30 times, versus 22 times for the S&P 500. Earnings are due this week, alongside reports from Meta and Amazon, with markets focused on AI spending. CEO.
Nvidia has signed a lease for Hut 8's Beacon Point campus in Texas, with a 1-gigawatt capacity and hundreds of thousands of its GPUs. The 15-year base lease is valued at $19.6 billion, with a potential 30-year total of $50.2 billion if all renewal options are exercised. Nvidia's credit default swap spread widened amid reports of large financing deals. The company's unpaid data center lease payments reached $32.4 billion in its latest quarter, up from $7.4 billion in the same period of 2025.
Sun Life Financial has launched the 'Sun Life Private Wealth' integrated platform, targeting the wealth management needs of high-net-worth and ultra-high-net-worth individuals, families, and financial advisors. The platform leverages Sun Life's global network and cross-market capabilities to help clients systematically build, preserve, and transfer wealth across generations. Over the past 18 months, the platform established a unified business acceptance and underwriting system with round-the-clock support, integrating processes and forms to enhance service consistency.
ANA revealed a special Pokémon 30th anniversary livery on a Boeing 787 at Haneda Airport, featuring Pikachu, Charmander, and other characters on a red fuselage inspired by the original Red and Green games. The airline also showcased themed seat covers and cups, and announced two additional green and blue aircraft to complete a fleet of three.
Tokyo Electric Power Company (TEPCO) on August 28, 2024, canceled a planned shipment of 138 spent fuel assemblies from Unit 6 of its Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture to the interim storage facility in Mutsu, Aomori Prefecture. The cancellation followed Aomori Governor Miyashiro Soichiro's refusal to accept additional fuel, citing uncertainty over the completion of Japan Nuclear Fuel Ltd.' s reprocessing plant in Rokkasho, the facility's final destination. TEPCO said the plan to ship 207 assemblies from Unit 5 in early 2027 remains unchanged, and the cancellation has no immediate business impact due to sufficient on-site storage capacity.
Honor's Robot Phone, a new smartphone model, opened for reservations on July 18, and as of July 28, total reservations across all channels exceeded 200,000 units, indicating strong initial demand.
Hitachi announced it used Anthropic's latest AI, 'Claude Muitos,' to verify threats to its products and software. The verification reduced attack scenario creation time from weeks to hours, improved vulnerability detection accuracy, and significantly eased developer burden. It covered more than 100 social infrastructure cases in fields including energy. Hitachi plans to implement product updates based on the results. In June, it became the first Japanese manufacturer to gain access to Muitos, which is strictly controlled to prevent misuse.
HSBC Holdings Human Resources and Governance Director Dai Ailan plans to relocate from London to Hong Kong later this year. Dai is a member of the bank's 13-person group operating committee. Earlier this year, HSBC Group Chief Executive Georges Elhedery worked temporarily in Hong Kong. The bank has about 20,000 employees in Hong Kong.
Feilihua and Changyingtong, along with other investors, have jointly established Hubei Jutong Quartz New Materials Co. , Ltd. The newly incorporated company's business scope covers the sale and manufacturing of optical communication equipment, as well as the sale and manufacturing of optical cables and communication equipment.
Anji Technology announced that its electroplating solution and additive business has achieved partial deployment but remains limited in scope. The company plans gradual growth in the near term, leveraging benchmark project outcomes to expand customer base and applications. The industry for advanced process electroplating solutions and additives is still dominated by foreign suppliers, with low domestic substitution, presenting a market opportunity.