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Starpower is a decentralized energy network that connects energy devices like AC units, EV chargers, and batteries. It provide usage-based algorithms to increase energy efficiency, save on bills, and reduce energy system volatility by coordinating device charging and discharging accordingly.
Humanoid robot company Current Robotics discloses initial funding progress, with Baidu, Hillhouse Capital, Zhiyuan, and others participating; cumulative funding reaches hundreds of millions of yuan.
According to STAR Market Daily, humanoid robotics company Current Robotics (Yuanliu) has publicly disclosed its financing progress for the first time, having completed seed, angel, and Pre-A funding rounds with a cumulative total of several hundred million RMB. Financial investors include Baidu Ventures, Hillhouse Capital, Oasis VC, Monolith Capital, Qianhai Ark, FSG Investment Management, and Junshan Capital; strategic partners include Agibot, StarSea, and JiKe Technology. The proceeds will primarily be used to advance large-scale acquisition of human full-body data, with a key focus on the research and development of core technologies such as whole-body dexterous manipulation foundation models and interactive world models.
Returns nearly sixfold again: Unitree Robotics angel investor Yin Fangming's Junwan Hongyi stake once reached 12.292 billion yuan, with current paper gains of 9.876 billion yuan; Yin Fangming's personal book return hit 819 times
Odaily News: It is understood that Unitree Robotics angel investor Yin Fangming invested 2 million yuan in August 2016 for a 15% stake in the company, at a post-investment valuation of only 13 million yuan. After subsequent rounds of financing dilution, as of before the IPO, Junwan Hongyi, controlled by Yin Fangming, held 11.1749 million shares, representing approximately 2.76% of the company, making it the tenth-largest shareholder of Unitree Robotics. Based on the issuance market value of 61 billion yuan, the stake was valued at approximately 1.685 billion yuan; currently, Yin Fangming still holds approximately 16.62% of Junwan Hongyi.As Unitree Robotics debuted on the Science and Technology Innovation Board (STAR Market) today and its stock price briefly surged past 1,100 yuan, the market value of Junwan Hongyi's stake once climbed to 12.292 billion yuan. At present, Unitree's stock price is tentatively reported at 884 yuan, with Junwan Hongyi's stake still valued at as much as 9.878 billion yuan, representing paper gains of 9.876 billion yuan, a gain multiple of up to 4,938 times. Compared with the 840-fold return based on issuance market value, the gains have nearly sextupled. The look-through market value corresponding to Yin Fangming's remaining personal interest is approximately 1.638 billion yuan. Counting only this portion of equity and the 1.3106 million yuan in equity transfer income disclosed in 2018, Yin Fangming's book return on his 2 million yuan angel investment has exceeded 819 times.
Unitree Technology IPO: Early Investors See Substantial Gains, First-Day Floating Chips to Make Up Less Than 10%
Odaily News Unitree Technology (688836.SH), the "first humanoid robot stock on the A-share market," has drawn significant market attention for its IPO subscription. The company's issuance price-to-earnings ratio has reached 219.23 times, significantly higher than the industry average of approximately 38.56 times, with the effective subscription multiple in the offline inquiry phase surpassing 2,618 times.In addition, primary market investors have already reaped considerable returns. Variable Capital invested only 2.09 million yuan in 2018, and its return multiple has now soared to over 174 times. Sequoia Capital China has injected a cumulative total of approximately 102 million yuan over the years, and based on the issuance price estimate, its shareholding market value is approaching 3 billion yuan. Meituan-affiliated entities collectively hold a 9.65% stake through multiple investment vehicles, with book gains exceeding 3.6 billion yuan.However, contrasting with the high returns in the primary market, secondary market investors will face a game between high valuations and limited floating chips. Unitree Technology will publicly issue approximately 40.44 million shares this time, with the initial online offering ratio at only about 16%, while the remaining shares are mainly allocated to institutional investors through strategic placement and offline inquiry. Based on a total share capital of approximately 404 million shares after issuance, the floating shares on the first trading day will be around 29.77 million shares, accounting for about 7.36% of total share capital, with over 90% of shares remaining locked up.Currently, Unitree Technology has not yet announced a specific listing date. Following the STAR Market's new share issuance process, the company is expected to officially begin trading as early as mid-August. (Tencent Technology)
Unitree Robotics launched its IPO subscription on the STAR Market today, with the market estimating a lottery win rate of 0.02%–0.03%
Odaily News: Unitree Robotics officially opened IPO subscription on the STAR Market today. According to the announcement, Unitree Robotics' offering price is set at 150.80 yuan per share, with a market capitalization of approximately 60.993 billion yuan at the time of listing, and an expected total fundraising amount of 6.099 billion yuan. The online subscription code for this offering is 787836, with an expected online issuance of 6.471 million shares. The market estimates the lottery win rate at 0.02%–0.03%. It should be noted that after the subscription period concludes, the lottery results will be announced on August 12, and successful investors must complete payment on the same day. If an investor wins the lottery three times within 12 months but fails to make full payment, they will be restricted from participating in new stock and bond subscriptions for six months.Yang Chao, chief strategy analyst at China Galaxy Securities, noted that the capital threshold for participating in this IPO subscription is relatively high, and the lottery win rate is low. Share prices are likely to experience significant volatility in the early stages of the STAR Market listing. Investors should fully assess the risks associated with the high valuation and ensure timely and full payment if selected, avoiding missed payments that could trigger subscription restrictions.
Nomura: ChangXin Surges 471% on First-Day Opening, Target Price of 116 Yuan Implies 12x Upside
According to Chaoxiang Research, CXMT listed on the STAR Market on July 27, surging 471% at opening, with market capitalization briefly exceeding 3.3 trillion yuan. Nomura Securities released its initiation report on the same day, granting a Buy rating with a target price of 116 yuan, corresponding to a 20x P/E ratio based on 2028 EPS of 5.8 yuan, implying over 12x upside based on an issue price of 8.66 yuan. Nomura noted that AI is driving a structural surge in DRAM demand, with AI memory demand CAGR exceeding 60% from 2026 to 2030, while global supply growth rate is only 30% to 40%, and the supply-demand gap will continue to widen. As the world's fourth-largest DRAM manufacturer, CXMT currently holds a global share of about 10%, expected to rise to 18% by the end of 2028, approaching Micron's scale. Q1 2026 revenue was 50.8 billion yuan (YoY +719%), and net profit attributable to shareholders of the parent company was 24.76 billion yuan (YoY +1688%), with quarterly profit already exceeding the full year 2025. Nomura believes CXMT should enjoy a "China premium," with the 20x PE valuation based on the midpoint between Micron's 10x historical average and the 1 to 3x valuation gap between Chinese and US semiconductor equipment stocks. Northeast Securities gave a valuation range of 3.2 to 5.7 trillion yuan on the same day, while Nomura's 7.76 trillion yuan is relatively optimistic; the core divergence lies in CXMT's long-term market share ceiling.
DeepSeek's annual revenue is approaching $500 million
According to Odaily, Citrini analyst jukan posted on platform X that The Information reports DeepSeek's ARR is nearing $500 million, and the company has successfully raised $7.4 billion in funding. DeepSeek is designing a second funding round to allow it to raise dollar-denominated capital from overseas investors, with a particular focus on attracting investment from the Middle East. DeepSeek has also hired investment banks to prepare for an IPO on the Shanghai STAR Market, targeting a listing next year. By selling access to its latest flagship model V4, DeepSeek maintains a gross margin of over 50%.
Bybit Launches Pre-Market Perpetual Contracts for Unitree and Moonshot AI, TradFi Product Count Exceeds 200
Dubai cryptocurrency exchange Bybit has launched pre-market perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI. The contracts are denominated and settled in USDT and do not involve ownership of shares in the respective companies. Bybit stated that its traditional finance perpetual contract product lineup has grown to over 200 since its launch in April, covering stocks, ETFs, commodities, indices, and pre-market companies. Unitree received approval from Chinese securities regulators in July to list on the Shanghai STAR Market. RWA.xyz data shows that the distribution value of tokenized stocks has reached $2.38 billion, with 1.31 million holders, a 123.62% increase in the latter over the past 30 days. (Cointelegraph)
Siemens Research: AI and Digital Infrastructure Are Becoming Essential for Commercial Real Estate Operations, Implementation Still Faces Challenges
According to Forbes, Siemens' latest "Infrastructure Transformation Monitor" (ITM) shows that against the backdrop of rising operating costs and stricter ESG compliance requirements, digital infrastructure and AI are gradually becoming core tools for commercial real estate portfolio management. The report shows that 52% of commercial real estate leaders expect digital technology to bring significant productivity improvements, and 59% of respondents expect AI to deeply reshape building operation models within the next three years, with main application scenarios covering predictive maintenance, HVAC optimization, automatic fault detection, and energy management. However, currently only 37% of organizations have reached maturity in digital system integration, and 36% of organizations stated they are scaling AI and digital twin technology; fragmented data environments and insufficient system interoperability remain the main bottlenecks. The report cites the practical case of the Pennsylvania Convention Center: the center reduced energy consumption by 18% through digital transformation, achieving approximately $686,000 in operating savings, and successively obtained LEED Gold and GBAC STAR certifications, confirming the substantive role of digital investment in reducing operating costs and enhancing the long-term value of assets.
DeepSeek to Debut on Shanghai STAR Market as Early as Q2 2027
DeepSeek is preparing for an initial public offering on the Shanghai Stock Exchange's STAR Market, with plans to submit its application by the end of this year and potentially complete the listing as early as the second quarter of 2027.DeepSeek has initiated discussions with investors and banks regarding its IPO plans. The funds raised from the offering are intended for model research and development, talent acquisition, and computing infrastructure construction. The relevant timeline may still be subject to adjustments, and the listing plan will require regulatory approval. (The Wall Street Journal)
Bitget Adds 16 US Stock Tokens (rToken) Including Kroger, Jabil Inc., and More
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
BlackRock Launches Space-Themed ETF, Allowing Inclusion of New Stocks Within 10 to 30 Days After IPO
According to Bloomberg, BlackRock has launched a space-themed ETF for European investors—the iShares Space Technologies UCITS ETF, ticker: STAR. The index tracked by this ETF features an IPO fast-track inclusion mechanism, allowing newly listed companies to be added to the index’s constituent stocks within 10 to 30 days after their IPO through an ad-hoc rebalancing review—without waiting for the next scheduled rebalancing.
Unitree Robotics launched its IPO subscription on the STAR Market today, with the market estimating a lottery win rate of 0.02%–0.03%
Odaily News: Unitree Robotics officially opened IPO subscription on the STAR Market today. According to the announcement, Unitree Robotics' offering price is set at 150.80 yuan per share, with a market capitalization of approximately 60.993 billion yuan at the time of listing, and an expected total fundraising amount of 6.099 billion yuan. The online subscription code for this offering is 787836, with an expected online issuance of 6.471 million shares. The market estimates the lottery win rate at 0.02%–0.03%. It should be noted that after the subscription period concludes, the lottery results will be announced on August 12, and successful investors must complete payment on the same day. If an investor wins the lottery three times within 12 months but fails to make full payment, they will be restricted from participating in new stock and bond subscriptions for six months.Yang Chao, chief strategy analyst at China Galaxy Securities, noted that the capital threshold for participating in this IPO subscription is relatively high, and the lottery win rate is low. Share prices are likely to experience significant volatility in the early stages of the STAR Market listing. Investors should fully assess the risks associated with the high valuation and ensure timely and full payment if selected, avoiding missed payments that could trigger subscription restrictions.
DRAM Memory ETF Includes CXMT
Odaily News: On-chain analyst Ai Yi posted on the X platform that the first pure-play storage ETF in the U.S. stock market, the DRAM Memory ETF, has included CXMT. The ETF was established on April 2, 2026, with a scale of $24.55 billion. Its return rate once reached 190%, and after the pullback in the storage sector, it still stands at 161.5%. Samsung, Micron, and SK Hynix together account for over 73% of the weight. Following GigaDevice, the ETF has again included a leading A-share storage company, with CXMT holding a weight of 2.52%.Since its listing on the STAR Market, CXMT's market value has remained above 3 trillion yuan and briefly exceeded 4 trillion yuan. Starting next Monday, it will exit the no price-limit phase and enter the regular trading stage.
Kimchi-associated wallet accused of buying and selling for profit shortly after the launch of tokens such as STAR
According to on-chain investigator Specter, the wallet (2yu...BMC) publicly shared by Kimchi in an X reply in April 2024 is linked to trading activity following the listing of several tokens. On May 30, 2024, at 13:41 UTC, within the same minute as the STAR deployment, the Kimchi-associated wallet purchased tokens for 2.96 SOL (valued at $407) and later sold them for $45,600. On June 11, 2024, at 23:38 UTC, two minutes after the deployment of DADDY ANSEM, the Kimchi-associated wallet bought tokens for 4.94 SOL ($730) and later sold them for $14,600. On June 26, 2024, at 22:45 UTC, one minute after the deployment of MUVA, the Kimchi-associated wallet bought tokens for 2.9 SOL ($407) and later sold them for $53,000. Specter also stated that a cluster of exchange deposit addresses revealed 5 additional wallets involved in the same MUVA launch bundle trade; currently, there is no verifiable evidence to prove that Kimchi obtained eight-figure dollar profits from the TRUMP token.
Morgan Stanley: Raises TSMC Target Price to NT$2,988, Maintains "Overweight" Rating
According to STAR Market Daily, Morgan Stanley issued a report indicating that TSMC's 2026 full-year revenue guidance significantly exceeded expectations. The company raised its 2026 revenue growth guidance to over 40% year-on-year, previously over 30%. Management attributed the upward revision to strong AI demand, despite challenges in consumer demand. Cloud Service Providers (CSP) customers are rapidly increasing cloud capital expenditure. TSMC did not update its AI semiconductor revenue CAGR forecast, but stated that actual performance is higher than the previous forecast of 55%-60%. The bank believes a 70% to 80% CAGR for TSMC's AI semiconductor business is a reasonable assumption. The bank raised its target price from 2,888 New Taiwan Dollars to 2,988 New Taiwan Dollars, maintaining an "Overweight" rating. In a volatile market environment, the company's quality profitability should continue to attract capital inflows; next, the 2026 second-quarter cloud capital expenditure updates announced by CSP customers will be an important catalyst.
DeepSeek's annual revenue is approaching $500 million
According to Odaily, Citrini analyst jukan posted on platform X that The Information reports DeepSeek's ARR is nearing $500 million, and the company has successfully raised $7.4 billion in funding. DeepSeek is designing a second funding round to allow it to raise dollar-denominated capital from overseas investors, with a particular focus on attracting investment from the Middle East. DeepSeek has also hired investment banks to prepare for an IPO on the Shanghai STAR Market, targeting a listing next year. By selling access to its latest flagship model V4, DeepSeek maintains a gross margin of over 50%.
Wang Xingxing's net worth exceeds 100 billion yuan, claiming the title of richest person born in the 1990s
Odaily News: Unitree Technology officially listed on the STAR Market, surging over 500% at the open, with a market value exceeding 350 billion yuan. According to the prospectus, Wang Xingxing, Chairman, General Manager, and Chief Technology Officer of Unitree Technology, directly holds 86,714,964 shares of the company, accounting for 21.4395% of the total share capital after the issuance. Prior to the offering, Wang Xingxing also indirectly held a 9.5367% stake in the company through the equity incentive platform Shanghai Yuyi. In total, his direct and indirect shareholding amounts to approximately 30%, with a market value exceeding 100 billion yuan, making him the wealthiest person born in the 1990s.According to the 2025 list of entrepreneurs born in the 1990s released by New Fortune Magazine, Liu Jingkang, founder of Insta360, previously held the title with a net worth of 20.2 billion yuan. (Yicai)
Bybit Launches Pre-Market Perpetual Contracts for Unitree and Moonshot AI, TradFi Product Count Exceeds 200
Dubai cryptocurrency exchange Bybit has launched pre-market perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI. The contracts are denominated and settled in USDT and do not involve ownership of shares in the respective companies. Bybit stated that its traditional finance perpetual contract product lineup has grown to over 200 since its launch in April, covering stocks, ETFs, commodities, indices, and pre-market companies. Unitree received approval from Chinese securities regulators in July to list on the Shanghai STAR Market. RWA.xyz data shows that the distribution value of tokenized stocks has reached $2.38 billion, with 1.31 million holders, a 123.62% increase in the latter over the past 30 days. (Cointelegraph)
Unitree Robotics: 10% of Shares Allocated to Offline Investors Will Be Locked Up for 6 Months
Odaily News Unitree Robotics today released the announcement regarding the online issuance subscription and lottery result for its initial public offering of shares on the STAR Market. The announcement disclosed that after the strategic placement adjustment, the offline issuance volume is 25,886,148 shares, accounting for approximately 80.00% of the issuance volume after deducting the final strategic placement quantity. This offline issuance adopts a proportional lock-up method, where offline investors must commit that 10% of their allocated shares (rounded up) will be subject to a lock-up period of 6 months from the date of the issuer's initial public offering and listing. Specifically, for the shares allocated to each placement object, 90% of the shares have no lock-up period and can be traded immediately upon listing on the Shanghai Stock Exchange; the remaining 10% of shares will be locked up for 6 months, with the lock-up period commencing from the date the shares are listed and traded on the Shanghai Stock Exchange.Unitree Robotics also announced that the issuer and the lead underwriter (sponsor) have scheduled the online issuance lottery drawing ceremony for the morning of August 11, 2026 (T+1 day) at Room 707, North Tower, Shanghai Securities Building, No. 528 South Pudong Road, Pudong New District, Shanghai. The results of the online lottery drawing will be announced on August 12, 2026 (T+2 day).
Unitree Robotics Founder Wang Xingxing's Net Worth Expected to Exceed 20 Billion Yuan
According to Yicai Global, Unitree Robotics released an announcement regarding its initial public offering (IPO) and listing on the STAR Market. The offering price is 150.80 yuan per share, with 40.4464 million shares issued, and the total share capital after issuance is 404.5 million shares. Unitree Robotics' initial offering market capitalization is nearly 61 billion yuan. The prospectus shows that before the issuance, Unitree Robotics founder Wang Xingxing's direct and indirect combined shareholding ratio is 33.3583%. Calculated accordingly, Wang Xingxing's net worth reaches 20.35 billion yuan.
trade.xyz launches UNITREE Pre-IPO perpetual market
trade.xyz announced on X platform that the Pre-IPO Perpetual (IPOP) market for UNITREE is now live. UNITREE is a pre-IPO market reflecting the expected market price per A-share of Unitree Technology Co., Ltd. Unitree Technology Co., Ltd. is expected to list on the Shanghai STAR Market under the code 688836. Unitree designs and manufactures quadruped robots, humanoid robots, and robotic arms. After the IPO, the oracle will convert the RMB share price into USD based on the prevailing offshore USD/CNY exchange rate.
Siemens Research: AI and Digital Infrastructure Are Becoming Essential for Commercial Real Estate Operations, Implementation Still Faces Challenges
According to Forbes, Siemens' latest "Infrastructure Transformation Monitor" (ITM) shows that against the backdrop of rising operating costs and stricter ESG compliance requirements, digital infrastructure and AI are gradually becoming core tools for commercial real estate portfolio management. The report shows that 52% of commercial real estate leaders expect digital technology to bring significant productivity improvements, and 59% of respondents expect AI to deeply reshape building operation models within the next three years, with main application scenarios covering predictive maintenance, HVAC optimization, automatic fault detection, and energy management. However, currently only 37% of organizations have reached maturity in digital system integration, and 36% of organizations stated they are scaling AI and digital twin technology; fragmented data environments and insufficient system interoperability remain the main bottlenecks. The report cites the practical case of the Pennsylvania Convention Center: the center reduced energy consumption by 18% through digital transformation, achieving approximately $686,000 in operating savings, and successively obtained LEED Gold and GBAC STAR certifications, confirming the substantive role of digital investment in reducing operating costs and enhancing the long-term value of assets.
Related news
Humanoid robot company Current Robotics discloses initial funding progress, with Baidu, Hillhouse Capital, Zhiyuan, and others participating; cumulative funding reaches hundreds of millions of yuan.
According to STAR Market Daily, humanoid robotics company Current Robotics (Yuanliu) has publicly disclosed its financing progress for the first time, having completed seed, angel, and Pre-A funding rounds with a cumulative total of several hundred million RMB. Financial investors include Baidu Ventures, Hillhouse Capital, Oasis VC, Monolith Capital, Qianhai Ark, FSG Investment Management, and Junshan Capital; strategic partners include Agibot, StarSea, and JiKe Technology. The proceeds will primarily be used to advance large-scale acquisition of human full-body data, with a key focus on the research and development of core technologies such as whole-body dexterous manipulation foundation models and interactive world models.
Returns nearly sixfold again: Unitree Robotics angel investor Yin Fangming's Junwan Hongyi stake once reached 12.292 billion yuan, with current paper gains of 9.876 billion yuan; Yin Fangming's personal book return hit 819 times
Odaily News: It is understood that Unitree Robotics angel investor Yin Fangming invested 2 million yuan in August 2016 for a 15% stake in the company, at a post-investment valuation of only 13 million yuan. After subsequent rounds of financing dilution, as of before the IPO, Junwan Hongyi, controlled by Yin Fangming, held 11.1749 million shares, representing approximately 2.76% of the company, making it the tenth-largest shareholder of Unitree Robotics. Based on the issuance market value of 61 billion yuan, the stake was valued at approximately 1.685 billion yuan; currently, Yin Fangming still holds approximately 16.62% of Junwan Hongyi.As Unitree Robotics debuted on the Science and Technology Innovation Board (STAR Market) today and its stock price briefly surged past 1,100 yuan, the market value of Junwan Hongyi's stake once climbed to 12.292 billion yuan. At present, Unitree's stock price is tentatively reported at 884 yuan, with Junwan Hongyi's stake still valued at as much as 9.878 billion yuan, representing paper gains of 9.876 billion yuan, a gain multiple of up to 4,938 times. Compared with the 840-fold return based on issuance market value, the gains have nearly sextupled. The look-through market value corresponding to Yin Fangming's remaining personal interest is approximately 1.638 billion yuan. Counting only this portion of equity and the 1.3106 million yuan in equity transfer income disclosed in 2018, Yin Fangming's book return on his 2 million yuan angel investment has exceeded 819 times.
Wang Xingxing's net worth exceeds 100 billion yuan, claiming the title of richest person born in the 1990s
Odaily News: Unitree Technology officially listed on the STAR Market, surging over 500% at the open, with a market value exceeding 350 billion yuan. According to the prospectus, Wang Xingxing, Chairman, General Manager, and Chief Technology Officer of Unitree Technology, directly holds 86,714,964 shares of the company, accounting for 21.4395% of the total share capital after the issuance. Prior to the offering, Wang Xingxing also indirectly held a 9.5367% stake in the company through the equity incentive platform Shanghai Yuyi. In total, his direct and indirect shareholding amounts to approximately 30%, with a market value exceeding 100 billion yuan, making him the wealthiest person born in the 1990s.According to the 2025 list of entrepreneurs born in the 1990s released by New Fortune Magazine, Liu Jingkang, founder of Insta360, previously held the title with a net worth of 20.2 billion yuan. (Yicai)
Liang Wenfeng gains over 1.1 billion yuan in paper profits from Unitree Technology IPO subscription
Odaily News Unitree Technology officially listed on the STAR Market, surging 629.44% at the open to 1,100 yuan per share, with a total market value reaching 444.9 billion yuan. Liang Wenfeng's DeepSeek, High-Flyer Quant, and Jiuzhang Asset collectively secured approximately 1.1916 million shares through strategic placement and offline IPO subscription. Based on the issuance price, Liang Wenfeng's paper profits from the Unitree Technology IPO subscription exceed 1.1 billion yuan. (China Business Network)
Bybit Launches Pre-Market Perpetual Contracts for Unitree and Moonshot AI, TradFi Product Count Exceeds 200
Dubai cryptocurrency exchange Bybit has launched pre-market perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI. The contracts are denominated and settled in USDT and do not involve ownership of shares in the respective companies. Bybit stated that its traditional finance perpetual contract product lineup has grown to over 200 since its launch in April, covering stocks, ETFs, commodities, indices, and pre-market companies. Unitree received approval from Chinese securities regulators in July to list on the Shanghai STAR Market. RWA.xyz data shows that the distribution value of tokenized stocks has reached $2.38 billion, with 1.31 million holders, a 123.62% increase in the latter over the past 30 days. (Cointelegraph)
CXMT's Market Cap Nears Intel's, Joining Ranks of World's Most Valuable Chip Manufacturers
According to Business Insider, Chinese memory chip manufacturer CXMT saw its stock price surge significantly after listing on the Shanghai STAR Market, with its market capitalization reaching approximately $540.5 billion, close to Intel's $552.6 billion and surpassing Tencent's $505.8 billion, becoming the 24th largest company globally by market capitalization.