This article was first published by The Korea Times in a partnership with the South China Morning Post. Two of China’s leading memory-chip makers are moving closer to public listings, posing a significant long-term challenge to South Korean giants Samsung Electronics and SK Hynix, despite a limited immediate threat, according to analysts. ChangXin Memory Technologies (CXMT), China’s leading dynamic random-access memory (DRAM) producer, won approval last week for its nearly 30-billion-yuan...
Unitree Robotics, a luminary in China’s humanoid robot boom, has reported a sharp plunge in first-quarter profits just days before its crucial listing hearing, casting a shadow over its Star Market initial public offering (IPO) as soaring expenses and a brutal price war catch up to the industry’s hype. The Shanghai Stock Exchange’s listing committee is scheduled to review Unitree’s IPO application on June 1, according to an exchange notice on Monday. The company, based in Hangzhou, the capital...
Landmark trial could shape future and leadership of OpenAI as company prepares for possible initial public offering.