Material corporate disclosures, operating changes, transactions, governance and company-level developments.
Rainbow Display (Xianyang) Semiconductor Technology Co. , Ltd. has been established, with a business scope covering the manufacture and sale of satellite mobile communication terminals, satellite remote-sensing application system integration, and satellite navigation multi-mode augmentation application service system integration. The company is jointly held by Rainbow Co. and other shareholders.
On September 15, 2026, *ST Bagang (600581) received acceptance from the Shanghai Stock Exchange for its private placement application. Zhongtai Securities Co. , Ltd. and Huabao Securities Co. serve as the sponsors for the offering.
Arrow Origin Technology has completed a B++ funding round, bringing its total fundraising over the past six months to more than RMB 2.3 billion. The company plans for its Yuanxingzhe-1 vehicle to be ready for its maiden flight by the end of 2026, when it intends to carry out an orbital launch and conduct first-stage recovery verification. After that flight, the company will move to volume deliveries.
SF Holding said it plans to raise a combined RMB10 billion (about SGD1.9 billion) through a two-tranche bond issue, with the notes maturing in 2029 and 2031. The Shenzhen- and Hong Kong-listed logistics group said proceeds will be used for refinancing and general corporate purposes. It will apply to list the bonds on the Hong Kong Stock Exchange, with HSBC, ICBC International and Bank of China (Hong Kong) among the joint global coordinators and joint bookrunners.
Bank of China (Hong Kong) said its Visa credit cards support Visa Click to Pay from September 16, 2026, letting customers pay at participating online merchants without entering card numbers, expiry dates or security codes. Customers register an email address and mobile number in the BoC Pay+ app, then select Click to Pay at checkout. Eligible payments at designated merchants earn up to RMB 50 in cash rebates. Online purchase transactions rose nearly 10 percent year on year in the first half of 2026.
Boway Alloy secretary Wang Yongsheng said on September 16, 2026 that the company indirectly supplies Nvidia through downstream manufacturers with boway 19920 high-speed backplane connector material and PWHC985 high-purity oxygen-free copper cooling material. Nvidia recently announced full production of Vera Rubin. Boway's oxygen-free copper resolves liquid-cooling plate welding blistering and leakage issues, and its GB300 cooling plate material has been validated and shipped.
The startup behind personal AI assistant Instinct is in talks to raise $1 billion at a valuation of about $10 billion, with Sequoia Capital and Benchmark negotiating to lead the round. The company's invite-only agent service is facing capacity constraints and is seeking new funding. Its user base has grown to more than 100,000 as the service gradually expands availability.
Trip. com Group reported net revenue of approximately RMB 15.7 billion for the second quarter of 2026, a 6% increase year on year, according to its results announcement dated September 16. Adjusted EBITDA for the same period came to about RMB 4.6 billion. The figures cover the group's second-quarter performance in 2026.
The Guojin Jiazexin New Energy Closed-End Infrastructure Securities Investment Fund has received registration approval from the China Securities Regulatory Commission, becoming the first public REIT in the Ningxia Hui Autonomous Region. Jiazexin New Energy, as sponsor and original beneficiary, contributed the 100 MW Jiaojiapan wind farm and the 17.5 MW Xinnongcun wind farm in Tongxin County, Wuzhong City, Ningxia, totaling 117.5 MW, as the REIT's underlying assets.
Airbus delivered the first aircraft from its second final assembly line in China on September 16, 2026. The aircraft, an A320neo, was handed over to China Eastern Airlines for operation. Since the Airbus Tianjin final assembly line began operations in 2008, more than 800 A320 family aircraft have been delivered cumulatively.
Sinnet said on September 16, 2026 that it accelerated the deployment of high-density racks from 2025, adding 36,000 racks in service. As of September 16, 2026, the company had about 92,000 racks in service. Newly delivered racks face a ramp-up period before reaching full utilization, and the utilization rate is currently rising gradually.
China Construction Bank launched two service plans in Shanghai on September 15, 2026, targeting the Yangtze River Delta international science and technology innovation hub and the integrated circuit industry. The bank aims to provide trillion-yuan-level comprehensive financing across the chip supply chain during the 15th Five-Year Plan. The tech hub plan sets out 15 measures, while the chip plan deploys 18 measures under four initiatives. CCB branches signed strategic cooperation agreements with several semiconductor companies.
Cathay Biotech reported revenue and net profit growth in the first half of 2026, with its bio-based polyamide business generating RMB 108 million in revenue, up 63% year on year, and gross margin recovering to 0.57%. However, the 100,000-tonne polyamide line at its Wusu base operated below 10% of designed capacity in 2025, and the Shanxi industrial park project was delayed for a third time, to the end of 2027.
China Construction First Bureau Unit Two has applied foundation pit air-dome technology at livelihood projects in Beijing, including Guangyuanli and Huangcun Seven Street. The Huangcun Seven Street air dome reaches 69 meters at its highest point, spans 210 meters at its widest, and covers 28,700 square meters. The technology is reusable, reduces bare-soil covering and dust-control costs, and helps avoid weather-related work stoppages.
SF Holding (06936) plans to issue RMB10 billion in guaranteed bonds across two tranches: RMB5 billion maturing in 2029 with a 1.75% coupon, and RMB5 billion maturing in 2031 with a 1.85% coupon. Gross proceeds will total approximately RMB10 billion, with net proceeds earmarked for refinancing and/or general corporate purposes.
Trip. com Group reported net profit attributable to shareholders of RMB41 million for the six months ended June 2026, down 99.55% year on year, on net revenue of RMB31.871 billion, up 11.15%. In the second quarter, the company swung to a loss of RMB2.458 billion after China's market regulator imposed a RMB5.2 billion antitrust penalty. Second-quarter net revenue rose 5.52% to RMB15.663 billion, while adjusted EBITDA was RMB4.6 billion against RMB4.9 billion a year earlier.
BYD's plant in Camaçari, Bahia, launched a youth apprenticeship program combining theory at a national industrial training center with hands-on production work, with nearly 200 young people in internships. Separately, Manoela Resende, a senior corporate governance analyst at State Grid Brazil Holding, joined Brazilian power-sector representatives on a 20-day training trip to China covering ultra-high-voltage transmission, energy storage, and automation.
Trip. com Group reported second-quarter 2026 net revenue of RMB 15.663 billion, up 5.52% year on year, and a net loss attributable to shareholders of about RMB 2.458 billion, reversing a profit of RMB 4.846 billion a year earlier, after recognizing a one-off antitrust penalty of about RMB 5.2 billion imposed by China's market regulator. Excluding the penalty, net profit was about RMB 2.7 billion. First-half net revenue rose 11.15% to RMB 31.871 billion, while net profit attributable to shareholders fell 99.55% to RMB 41 million.
Orienspace launched its Gravity-1 RMB 3 rocket from waters east of Shanghai on September 16, 2026, placing eight Qianfan constellation satellites and one EUHT technology test satellite into orbit. The mission carried more than 3 tonnes to about 800 kilometres, setting Chinese records for payload mass and orbital altitude on a single sea launch. The company has opened C++ round financing and plans a shareholding reform.
Microsoft said on September 15, 2026, that it will raise its quarterly dividend to 98 cents per share from 91 cents, an increase of 8%, effective from December 2026. The company had raised its dividend by 10% in 2025. Following the announcement, Microsoft shares were roughly flat in after-hours trading.
Meta Platforms plans to launch Luna, a camera-free smart glasses model, in fall 2026 to expand its hardware lineup, as privacy concerns surround the cameras on its existing smart glasses. Luna carries six microphones for voice interaction with Meta's AI chatbot and its recently launched consumer AI agent Muse, plus a side button for quick Meta AI activation. Its speakers direct sound toward the wearer's ears without covering them, and its thinner temples make it look closer to ordinary glasses.
Microsoft has sent invitations to technology media for a special event in San Francisco on October 7, 2026, focused on the Windows operating system and the Surface hardware ecosystem. The invitation did not disclose a specific product launch list. New models are expected to bring upgrades in chip performance, industrial design, battery life, and display quality.
OpenAI is in preliminary discussions with major investors about a new private funding round that would target a valuation of about $1.2 trillion, a sharp increase from the $852 billion valuation at its March 2026 funding. The approach was initiated by investors, and whether the round proceeds and its timing depend on OpenAI's listing plans. In March 2026, OpenAI raised $122 billion at an $852 billion valuation. If the new round is completed, OpenAI's valuation would exceed that of rival Anthropic, which was valued at $965 billion after its May 2026 funding. OpenAI's annualized revenue surpassed $40 billion in August 2026, up 20% month on month. OpenAI released GPT-5.6 in July 2026 and Astra earlier in September 2026, with market.
Salesforce introduced a new artificial intelligence model named Koa during the opening session of its annual Dreamforce customer conference. The company also launched security tools designed for AI agents, addressing enterprise customers' need to run agents securely within their own data environments. The announcements place Salesforce in two main areas of enterprise AI: open-source AI models and software that helps customers operate AI agents safely on their own data.
Amazon Web Services said on September 15, 2026 that more than six months after drone strikes damaged its infrastructure in the early phase of the Iran war, it cannot restore its Bahrain cloud facility or one of three data-hosting zones in the United Arab Emirates. Damage spanned multiple availability zones, exceeding the design limits of its regional and multi-zone services. Only resources and data in the UAE zone labeled mec1-az2 are unrecoverable; engineers are still working to restore two other affected UAE zones.
SpaceX plans to conduct the 14th test flight of its Starship heavy-lift rocket on September 22, 2026, the first attempt to fly the vehicle in Earth orbit and deploy 26 next-generation Starlink V3 satellites. The launch window opens at 7:15 a. m. Central Time and lasts 75 minutes. The upper stage is to fly at about 275 kilometers for roughly 10 hours, completing about six orbits before splashing down in the Pacific west of Chile.
A Geekbench 7 entry for a device identified as Mac18,5 shows Apple's M6 Mac mini with a 12-core CPU at 4.78GHz base frequency scoring 4,071 single-core and 22,783 multi-core. That is about 24% above the M4 Mac mini in single-core and 48% higher in multi-core. The M6 uses a 2-nanometer process, offers up to 170GB/s memory bandwidth, and starts at 899 dollars when it launches on September 22, 2026.
On September 15, 2026, Google released two native end-to-end real-time audio models, Gemini 3.8 Live and Gemini 3.8 Live Extended Thinking. Gemini 3.8 Live supports 97 languages, real-time visual context, and asynchronous tool and API calls. The Extended Thinking version adds background multi-step reasoning and ranked first on Artificial Analysis's Speech to Speech Quality Index with a score of 82.6. Both models are available through the API and AI Studio.
Ford will broaden V-8 engine availability across its 2027 F-150 lineup and lower starting prices on some high-performance models. The 2027 F-150 Raptor starts at 77,800 dollars, 4,000 dollars below the current model, while the 2027 F-150 Tremor starts at about 62,400 dollars, roughly 5,300 dollars lower. Ford said the reductions come from removing some standard features, including heated second-row seats, and replacing power controls with manual ones on parts such as the steering column.
Estée Lauder, a New York-based beauty company with roughly 80 years of history, owns more than 20 brands including Clinique, Jo Malone, MAC, Bobbi Brown and La Mer. It is the only large United States company focused entirely on prestige beauty, spanning skincare, makeup, fragrance and hair care. Chief Executive Stéphane de La Faverie, who took over in 2025, is pursuing the Beauty Reimagined strategy. Sales rose for a fourth straight quarter, while the shares remain about 74% below their January 2022 peak.