Unitree Execs and Staff Jump on IPO Bandwagon, Chairman Wang Xingxing Puts in $1.5M
On the evening of July 30, Unitree Technology disclosed in its prospectus for its IPO on the STAR Market that senior management and core employees plan to participate in the offering through asset management plans. The two plans, known as Unitree Employee No.1 and No.2, will cover up to 10% of the total issuance, or roughly 4,044,643 shares, with a combined subscription cap of 271.5 million yuan. The final number of shares will be determined once the IPO price is set.
Specifically, the No.1 plan is fully funded at 218.5 million yuan for strategic placement, involving 161 participants including CFO Wang Feng. The No.2 plan, worth 53 million yuan, includes 10 people such as Chairman Wang Xingxing, who alone is chipping in 15 million yuan.
Wall Street Firms Race to Snatch Up Shares of Chinese Chipmaker CXMT
Just days after Chinese memory chip leader CXMT (688825.SH) debuted on the STAR Market, a U.S. active ETF provider, Tema ETFs, quickly built a position. It added CXMT to its Tema Memory ETF (DISK), which focuses on the memory chip industry.
Yuri Khodjamirian, CIO of Tema ETFs, said AI demand is driving a global memory chip shortage, pushing prices and profits sky-high. He noted that CXMT holds a unique spot among top global memory makers, perfectly positioned to serve China’s fast-growing AI ecosystem.
Meituan Says Users Hit by Mass Account Thefts Likely Fell for a New Scam
On July 30, responding to reports of multiple users losing thousands of yuan in unauthorized transactions, Meituan told news outlets that after a thorough check, it appears these users were likely tricked by a new type of telecom scam. The company is actively helping police with the investigation and has rolled out extra security measures to protect accounts.
According to Meituan, the pattern is eerily similar across all cases: scammers lure victims with promises of “easy cash for fake orders” or “high commissions,” then send a link loaded with malware. Once clicked, the scammer remotely takes over the phone, buys popular dining vouchers or attraction tickets in bulk on Meituan, and quickly flips them on second-hand platforms for profit.
Local police have already launched investigations into several cases, and Meituan is cooperating by providing login logs, order details, and redemption records to help track down the gang.
Optical Module Giant Zhongji Innolight’s Hong Kong Debut Flops, A-Shares Tumble
On July 30, Zhongji Innolight (03308.HK/300308.SZ), a top player in optical modules, officially listed on the Hong Kong Stock Exchange’s main board, completing its “A+H” dual listing. But the much-anticipated “largest Hong Kong IPO of the year” didn’t get a warm welcome. Its Hong Kong shares opened at HK$971, down 0.92% from the HK$980 IPO price, meaning a paper loss of HK$450 per lot of 50 shares. It closed at HK$960, down 2.04%.
Meanwhile, its A-shares also took a hit. By midday, they were trading at 800.99 yuan, plunging 15.77% with a turnover of over 38.5 billion yuan, trimming its market cap to 893.3 billion yuan. By the close of A-share trading on July 30, the stock was at 864 yuan, down 9.15%.
GPU Prices Set to Skyrocket by Around 30%
According to CCTV Finance, multiple vendors at Huaqiangbei report that major GPU manufacturers have issued new price hike notices. Factories are now locking down inventory and halting bulk shipments, tightening supply across the board.
A computer builder at Huaqiangbei explained that after the notice, prices jumped about 30% in just two days. For example, the RTX 5070, which retailed for 4,500 to 5,000 yuan last year, is now going for 6,000 to 6,500 yuan. The RTX 5080 has climbed from an average of 8,000 yuan to nearly 12,000 yuan—basically changing daily.
Tencent Docs Teams Up with WorkBuddy for AI Co-Editing Magic
On July 30, Tencent’s WorkBuddy (V5.3.5) partnered with Tencent Docs to launch a “human-AI co-editing” feature. Now, users can collaborate in real-time with an AI assistant on the same document within WorkBuddy. The upgrade supports Word, Excel, PPT, Markdown, and other common office formats, and works seamlessly with both local Office files and Tencent Docs.
Didi Releases Anti-Corruption Report for First Half of 2026
On July 30, Didi published its anti-corruption update for the first half of 2026. The report shows that from January to June, the company’s compliance team, together with internal and external partners, cracked down on multiple fraud and misconduct incidents. Over 50 employees were fired or forced out for violating the company’s “zero-tolerance” policy, and more than 40 were handed over to police on suspicion of criminal activity. The main issues included taking bribes, falsifying records, embezzlement, and leaking confidential information.
Samsung: Inks Deals with Top Five Global Data Center Clients
On July 30, Samsung Electronics predicted that the memory chip shortage will worsen next year, driven by hyper-scale cloud providers ramping up AI infrastructure investments. This will boost demand for server SSDs and HBM. The company revealed it has already signed contracts with the world’s five largest data center clients and is in the final stages of talks with five other major AI-related customers.
