News linked to both this project and an event.
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)
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)
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).
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 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.
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.
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.
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.
Changxin Memory Technologies released the announcement on the offline preliminary allocation results and online winning results for the initial public offering and listing on the STAR Market, announcing that the payment and allocation work for the strategic placement of this issuance has been completed. All investors participating in the strategic placement of this issuance have participated in the strategic placement of this issuance in accordance with their commitments. The initial strategic placement quantity for this issuance is 334,404.4304 ten thousand shares, accounting for 50.00% of the initial issuance quantity and approximately 43.48% of the total number of shares issued after the full exercise of the over-allotment option. The subscription funds committed by investors participating in the strategic placement have been fully remitted to the bank account designated by CICC within the prescribed time. After the strategic placement clawback and before the initiation of the online-offline clawback mechanism, following the activation of the over-allotment, the initial online issuance quantity is 334,900.1000 ten thousand shares, accounting for approximately 55.59% of the issuance quantity of this issuance after deducting the final strategic placement quantity after the exercise of the over-allotment option.
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.
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.
According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.
Bybit lists 3 new US stock perpetual contracts today: 2x Long SNDK ETF (SNXXUSDT), 2x Long INTC ETF (INTWUSDT), and SSE STAR Market 50 ETF (KSTRUSDT), with up to 20x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
Odaily News: According to Hyperliquid News, tradexyz will list the Sci-Tech Innovation Board 50 ETF (Shanghai Stock Exchange STAR Market).
chip company Changxin Technology has received approval from the China Securities Regulatory Commission for registration and has officially initiated its IPO issuance procedures on the STAR Market. The company plans to raise 29.5 billion RMB through this issuance. Based on the fundraising amount and the number of shares issued, the estimated issuance price is approximately 4.41 RMB per share, and the estimated total market capitalization after listing will be close to 295 billion RMB.The company expects to achieve revenue of 110 billion to 120 billion RMB in the first half of 2026, with net profit ranging from 66 billion to 75 billion RMB, marking a turnaround from losses to profitability growth.According to the issuance arrangements, the initial strategic placement ratio is 50%, and the offline placement follows the "3+7" rule, with 70% of the shares distributed to offline investors locked up for 6 months. Calculations show that approximately 78% of the issued shares will be under restricted trading on the first day of listing, corresponding to an estimated tradable market capitalization of about 6.5 billion RMB for new shares on that day.Additionally, online investors are required to have STAR Market trading permissions and meet the Shanghai market value requirements. Some major shareholders have committed to a lock-up period of 36 months. The lead underwriter, CICC, has a 15% over-allotment option, allowing it to conduct price stabilization operations within 30 calendar days after listing.
According to official sources, Gate Contract Stock Zone will launch perpetual contract trading (USDT settled) for TTWO (Take-Two Interactive Software), KSTR (Invesco STAR 50 Index ETF), BSP (Bend Spoon Technology), CAT (Caterpillar Inc.), WEN (Wendy's), and BAC (Bank of America) on July 6 at 14:00 (UTC+8), with leverage support from 1x to 20x.
Cambricon has issued an announcement on abnormal stock price fluctuations. The cumulative increase in the company's stock price is relatively large, exceeding the gains of related indices such as the STAR Composite Index and the Shanghai Composite Index, and there may be a risk of a decline due to too rapid a short-term increase.
The Shanghai Stock Exchange officially released the “Shanghai Stock Exchange Guidelines on the Application of the Rules for Review of Issuance and Listing—Guideline No. 10: Application of the Fifth Listing Standard of the STAR Market by Artificial Intelligence Large-Model Enterprises.” In accordance with the requirements of the STAR Market’s Fifth Listing Standard, and taking into account the technological innovation and industrial development characteristics of the AI large-model sector, this guideline specifies concrete criteria regarding technological advantages, interim achievements, relevant approvals, and market potential.
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.
Odaily reports: Nvidia CEO Jensen Huang announced at the GTC conference in Taipei that the company has selected China's Unitree as its first humanoid robot AI platform partner for universities and research institutions. Together, they will launch the Isaac GR00T reference design, accelerating the arrival of the "Physical AI" era.The platform deeply integrates Unitree's H2 humanoid robot (approximately 1.8 meters tall, weighing 68 kg) with Nvidia's Jetson Thor computing platform, Blackwell GPU, Isaac GR00T model, and simulation software. It is also equipped with Singapore-based Sharpa's dexterous hand. The platform is open to top global research institutions, with the first batch including Stanford, ETH Zurich, UCSD, and Ai2. Jensen Huang emphasized that this initiative aims to lower the barrier to entry for humanoid robot development by providing an out-of-the-box, full-stack development environment. He believes that "Physical AI" will be the next wave following generative AI, with a long-term market size potentially reaching tens of trillions of dollars.The upgraded version, the H2 Plus, is expected to be available and open for general sale in October 2026. Notably, Unitree is planning an IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board (STAR Market), aiming to raise 4.2 billion yuan. Over 40% of its revenue comes from overseas, highlighting its significant global presence. (Techstartups)