China Ping An upgraded its longevity health management service system and established an ecological alliance in Shanghai. Ping An Good Doctor's B-end health management revenue rose 40% to RMB 1.306 billion, serving over 6,700 enterprise clients, up 83.1% year-on-year. The system addresses chronic diseases affecting 75% of elderly, with 40% multi-morbidity and 45 million disabled seniors. A white paper and 11 longevity centers were also launched.
China Railway Industry reported total new contract value of RMB 202.83 billion for the first half of 2026, down 5.26% year-on-year. Domestic contracts fell 13.76% to RMB 168.35 billion, while overseas contracts surged 82.44% to RMB 34.48 billion. Specialized engineering machinery and related services rose 8.74% to RMB 67.73 billion, but transportation equipment and services dropped 16.34% to RMB 115.33 billion. Major contracts signed in the second quarter totaled RMB 7.47 billion.
Hengrui Medicine has established a wholly-owned subsidiary, Zhejiang Hengrui Medicine Co. , Ltd. , with a registered capital of RMB 50 million. The new entity, with legal representative Dai Hongbin, will engage in medical research, drug wholesale, retail, and entrusted production. Hengrui Medicine holds 100% ownership of the subsidiary.
Jiejia Weichuang's subsidiary Chuangwei Microelectronics (Changzhou) Co. , Ltd. has completed verification of its self-developed photomask cleaning equipment at multiple end-user fabs and achieved mass production and delivery. The equipment meets advanced process requirements in particle control, water mark prevention, and surface cleanliness. It covers quartz photomasks from 5 to 9 inches with fully automatic front and back cleaning, optional AOI particle detection, and SMIF loading. Key components have a domestic content rate exceeding 80%, and the software is fully self-developed.
Inspur Information, together with other investors, has established the Hefei Haolan Chaozhi Venture Capital Partnership (Limited Partnership) in Hefei. The partnership will focus on venture capital investments in unlisted companies and conduct investment activities using its own funds. The entity was recently formed, according to business registration data.
Users of Meituan's Monthly Pay service in Shaanxi, Guangdong, Gansu and other regions reported unauthorized batch charges from remote locations, with individual losses ranging from over 1,000 yuan to more than 4,000 yuan. The charges occurred during early morning hours, exploiting a small-amount no-password payment feature. Meituan responded that the incidents likely stem from a new type of telecom fraud, where criminals use malware links to remotely control victims' phones, purchase group-buy vouchers, and resell them. Police have launched investigations, and Meituan has upgraded risk controls and set up a dedicated channel to assist affected users.
Yihai Kerry, the parent company of the Arawana brand, has established a wholly owned subsidiary, Yihai Kerry (Guangzhou) Egg Food Co. , Ltd. , in Guangzhou. The new company's business scope covers the acquisition of primary agricultural products, wholesale of edible agricultural products, and related services including production, sales, processing, transport, and storage. The move expands Yihai Kerry's operations in the egg and agricultural product sector.
BYD responded that its chairman Wang Chuanfu did not personally invest in ChangXin Memory. All BYD investments are made directly by BYD Co. , Ltd. , which indirectly participated in ChangXin Memory's 15.65 billion yuan A-round in December 2020 through a fund. BYD holds a 15.5715% stake in the fund that owns 30% of ChangXin Memory. Wang Chuanfu holds 16.9% of BYD. ChangXin Memory listed on the STAR Market on July 27 with a market cap of 3.27 trillion yuan.
During its first-quarter 2026 earnings call, Meituan founder Wang Xing announced that the company's AI agent, Xiaomei, will partner with Tencent Yuanbao, allowing users to order food delivery and local services through the Yuanbao app. Meituan's 2025 research and development spending reached 259.98 billion RMB, up 23.5% year-on-year, while first-quarter 2026 R&D spending was 70 billion RMB, up 22%. The company also disclosed that its self-developed LongCat-2.0 model has 1.6 trillion total parameters, with around 480 billion activated per token, built entirely on domestic computing clusters.
Zhejiang Gaoyu Flying Car Manufacturing Co. , Ltd. , a new entity fully owned by GAC Group-invested Guangdong Gaoyu Technology Co. , has been established with a registered capital of RMB 100 million. The company will engage in auto parts, high-performance fiber composites, smart unmanned aerial vehicle manufacturing, and aviation equipment sales. Lin Guoqiang serves as its legal representative.
On July 28, 2026, Dewu App launched a rental service covering over 100 product categories, including digital goods, luxury bags, and watches, with deposit-free and credit-based options. Meanwhile, LVMH reported first-half 2026 revenue of 38.644 billion euros, down 3% year-on-year, with its fashion and leather goods division falling 5%. Kering's 2025 revenue was 14.675 billion euros, down 13%. Dewu, valued at 71 billion yuan in 2024, saw its user base exceed 600 million, with 50% penetration among under-30s. The company reported double-digit business growth and a 184% increase in online authentication users.
Samsung Electronics is considering using cost-competitive Chinese-made DRAM chips in its entry-level and mid-range smartphones for the Chinese market. The move aims to lower manufacturing costs and increase shipments of affordable and mid-tier devices amid rising semiconductor prices driven by AI data center demand. This strategy exploits a market gap created by Chinese handset makers reducing output due to higher component costs, positioning Samsung to strengthen its foothold in China.
China Merchants Property Development (Beijing) Co. , Ltd. , a subsidiary of China Merchants Shekou Industrial Zone Holdings, has raised its registered capital to 23.5 billion yuan from 8 billion yuan following a business registration change. Established in October 2004 and led by legal representative Lv Chuanlai, the company is wholly owned by China Merchants Shekou and primarily engages in real estate development.
TCL CSOT (TCL Huaxing Optoelectronics Technology Co. , Ltd.) , a subsidiary of TCL Technology, has established a wholly-owned subsidiary, Shenzhen Huazhao Xingguang Technology Co. , with a registered capital of RMB 500 million. The new company's business scope includes the retail of electronic components, sales of semiconductor lighting devices, display devices, and integrated circuits.
CATL posted H1 2026 revenue of RMB 276.9 billion, up 54.8% year-on-year, and net profit of RMB 43.3 billion, up 41.98%. Gross margin fell to 23.2% in Q2, near a multi-year low, as lithium carbonate costs rose. Energy storage revenues climbed to 19.2% of total sales, while battery shipments surged 61%.
CXMT (Changxin Technology Group Co. , Ltd.) listed on the STAR Market on July 27. Five wealth management firms — Ningyin, Xingyin, Nanyin, Zhongyou and Minsheng — participated in the offline IPO subscription with 29 products. They subscribed for 2.478 billion shares, equivalent to about RMB 21.46 billion, and were allocated 4.544 million shares. Ningyin led with 19 products. Since 2026, many wealth management subsidiaries have made IPO subscription a regular strategy; CIB Wealth Management has participated in 82 domestic IPOs this year, with cumulative allocated amount exceeding RMB 250 million.
CK Asset Holdings sold seven units at its 21 Borrett Road project in Hong Kong's Mid-Levels Central within a month, generating nearly HK$1.5 billion. A top-floor penthouse in phase II, Yingtian, fetched HK$380 million, setting a new record per-square-foot price of HK$126,000 for the city's primary residential market in 2026. The sales also helped clear two units from phase I.
In the first half of 2026, A-share sleep home firms saw revenue growth but profit declines. ST Xilinmen forecast a net loss of RMB 31 million to RMB 40 million, citing a RMB 49 million forex loss. Menghe's net profit fell over 93% to between zero and RMB 8 million. Qisheng Technology's net profit dropped 67% to 76% to RMB 25.8 million to RMB 34.9 million. In 2025, Menghe's electric bed revenue was RMB 647 million, and Qushui Technology's smart home revenue share reached 44%. Companies are shifting to AI sleep services.
Zhongji Innolight chairman Liu Sheng proposed a share buyback of RMB 4 billion to 8 billion on July 28, citing orders covering the full year 2026 and extending into 2027. The company dismissed rumors of a sharp price drop for its 1.6T optical modules, stating its average selling price is far higher than market speculation. Separately, Tianfu Tongxin said it has begun mass production of 1.6T optical engines, while its order book remains abundant but constrained by upstream chip supply.
Ford Motor reported a net loss of $1.327 billion (about 217 billion yen) for the April-June 2026 quarter, widening sharply from a $36 million loss in the same period of 2024. The loss was driven by temporary charges from restructuring its electric vehicle strategy and battery production. Revenue fell 4% to $48.296 billion, while operating profit rose 25% to $638 million, supported by strong large-vehicle sales and cost-cutting measures.
Intel will launch its Nova Lake-S desktop processors in late 2026. The lineup includes a 52-core flagship with PL2 power consumption of 474W, requiring triple 8-pin CPU power connectors on Z990 motherboards. Some models feature a large integrated GPU with 12 Xe3P cores drawing 65W alone, necessitating a dual-phase VCCGT power rail. Base models launch first, with the 28-core DS version and K-series overclocking models arriving in early 2027.
Fourteen A-shares underwent equity registration on July 29, with 13 distributing dividends and one issuing bonus shares. Dizhu Fashion, COSCO Shipping Specialized, and Huaxia Bank led dividend payouts at RMB 4.00, RMB 3.25, and RMB 3.20 per 10 shares, respectively. Chengzhi Shareholding offered a 4-for-10 bonus issue. Separately, Xinzhoubang, Qianyuan Power, and Huadian Power International proposed dividends of RMB 3.0, RMB 1.0, and RMB 0.9 per 10 shares.
Apple released system updates in July 2026 for iOS, iPadOS, watchOS, tvOS, visionOS, and macOS Tahoe, fixing numerous security vulnerabilities. For the first time, the official CVE attribution list credited AI models for discovery: Anthropic's Claude and OpenAI's Codex Security each found three bugs, NVIDIA's AI red team contributed two, and Z. ai's GLM model one. The move partly stems from Anthropic's USD 100 million Glasswing program launched in April 2026, involving Apple, Microsoft, Google, and others.
Apple announced that John Ternus will become CEO on September 1, 2026, succeeding Tim Cook. The two appeared together for the first time since the April 20 succession announcement at the Los Angeles premiere of Ted Lasso season four on July 27. Cook called Ternus the perfect successor and said the transition is smooth. Ternus, a 25-year Apple veteran, will take over as Cook becomes executive chairman.
SK Hynix disclosed in its second-quarter 2026 earnings report that it has commenced volume shipments of HBM4 in the quarter, with plans to expand production in the second half of the year. The company also delivered HBM4E samples in the first half of 2026, using an optimal process that balances technological maturity and production stability. These developments mark progress in next-generation high-bandwidth memory for high-performance computing and AI applications.
The Pentagon has selected Ford Motor, General Motors, and BC Customs to build prototypes for the U. S. Army's next-generation tactical transport vehicles, with plans to deploy about 600 units. The initiative is part of a broader effort under the Trump administration to rebuild America's industrial base and strengthen national security by involving private automakers in military manufacturing. Ford's prototype will be based on its Super Duty pickup platform, while GM continues developing a Silverado-based heavy-duty variant already under military evaluation. The move underscores Washington's strategy to leverage automotive expertise amid rising geopolitical tensions.
ChangXin Memory Technologies, China’s top DRAM maker, plans to list on the Shanghai Stock Exchange and raise up to approximately RMB66.6 billion, in what would be Asia’s largest IPO of 2026 and one of China’s biggest on record. Strong investor appetite pushed the offer price to about double the earlier guidance. The company reported first-quarter 2026 revenue of RMB50.8 billion, a year-on-year surge of more than 700%, while its global memory-chip market share reached 8%, up from 3% a year earlier. It swung to a profit of over $1 billion in 2025 from a near $3 billion loss in 2023, though it still trails leaders in advanced technology and faces export curbs.
Ford Motor reported fiscal 2026 second-quarter revenue of $48.296 billion, down 4% year over year, and a net loss of $1.322 billion, or a diluted loss per share of $0.33, compared with a loss of $0.01 a year earlier. By segment, Ford Blue revenue rose 1% to $26.1 billion, while Ford Pro fell 5% to $17.8 billion and Ford Model e plunged 56% to $1.0 billion.
Mercedes-Benz CEO Ola Källenius promised to protect the company's US operations as a US Senate committee advances legislation to restrict Chinese automakers. Chinese shareholders BAIC and Li Shufu hold nearly 20% of Mercedes' listed shares. Mercedes has committed over $70 billion in US investment, including $40 billion by 2030 to expand SUV production in Alabama. US sales rose 15% in the first half of the year, partially offsetting a decline in China.
Fast-fashion retailer Shein has disclosed that its US business is under investigation by the US Federal Trade Commission (FTC) for consumer protection issues, according to its preliminary IPO filing. The probe targets deceptive practices including dark patterns. Shein, which previously faced political hurdles in the US and UK, has received approval for its Hong Kong listing, though the timing remains uncertain.