The Belt 
Shangwei New Material listed on the STAR Market in September 2020 and became one of its most undervalued names. Institutions low-balled the IPO, raising only RMB 70 million, a record low, at the RMB 1 billion market-cap floor. For years it sat near RMB 24 billion, about RMB 78 a share, with no coverage and … Read more
Warehouse automation leader Hai Robotics refreshed its listing application on 13 September, restarting its Hong Kong IPO and positioning itself as a candidate for the first automated case-handling robot listing on the exchange, following an initial filing in February 2026. Hai Robotics targets case-handling automation in high-density warehouses. (Source: Wikimedia Commons, CC BY-SA 3.0) Before … Read more
On 15 September, Guangdong’s Digital Government and Data Bureau released the “Guangdong Greater Bay Area Data Special Zone Work Plan”, targeting a cross-border data industry above RMB 200 billion by the end of 2028, with related value-add in manufacturing and services exceeding RMB 1 trillion. Bordering Hong Kong and Macao, Guangdong is a national digital-economy … Read more
China’s intelligent connected new-energy vehicle industry now has a specific plan for the 15th Five-Year Plan period. MIIT and eight other departments issued the plan for the industry’s development, a document that sets the sector’s direction through 2030. Nine departments issued the 15th Five-Year plan for intelligent connected NEVs. (Source: Chedongxi) The plan calls intelligent … Read more
On 11 September, Enflame listed on the STAR Market, jumping 179.22 per cent on debut to a RMB 170.8 billion market cap. With Moorc and Muxi on the STAR Market and Biren in Hong Kong, China’s GPU “four dragons” have all reached public markets, worth about RMB 613.2 billion combined. It is a milestone for … Read more
Harmony Intelligent Mobility Alliance (HIMA) and Seres have responded to a change in how the AITO brand is run. Product definition, product design, brand marketing, channel retail and after-sales service will be led by Seres, with Huawei’s consumer unit contributing enablement. HIMA confirmed AITO’s new operating model on 15 September. (Source: Chedongxi) AITO remains part … Read more
Keda released its 2026 interim report: revenue RMB 425 million, up 34.73 per cent; net profit RMB 28.27 million, up 1,095.30 per cent; deductible profit turned to profit at over 980 per cent; gross margin 19.38 per cent, up 10.65 points. Operating cash was a RMB 5.63 million outflow. From a Wenzhou workshop, Keda is … Read more
A new round of consolidation among China’s state-owned carmakers has actually started. On 14 September, GAC Group said it had signed a letter of intent with FAW Car Co to buy part of a joint-venture vehicle company held by FAW through a share issue, alongside a supporting fundraising. GAC confirmed the FAW share deal in … Read more
In the first half of 2026, Ruisong Technology posted its strongest results since listing. Revenue reached RMB 625 million, up 71.67 per cent, and net profit attributable to shareholders was RMB 41.84 million, up 3,349.46 per cent, swinging to profit. Deductible net profit was RMB 39.02 million, up 1,338.79 per cent, and operating cash flow … Read more
On 15 September, Unitree traded at RMB 469.88, down 57 per cent from its 19 August IPO high of RMB 1,100, yet its market value still stood near RMB 190 billion. More than ten embodied-AI firms including Yunxi, AgiBot, Zhongqing, Galbot and Leju have started IPO processes, and valuation has turned into a brawl. Mech-Mind’s … Read more