About 1,000 flights in Shanghai were canceled, while 250-500 mm of rain raised flood and landslide risks.
Earlier: Typhoon Dolphin nears China with 162 kph winds, flood alertsSeries: Typhoon Dolphin · East Asia Storm · 3 chapters since Aug 8Why it matters: The $9.8 billion IPO gives Beijing’s chip push a marquee winner as AI demand and US export curbs reshape the memory market.
What's new: Investor demand hit 212 times the retail allotment, fueling bets the chipmaker could surge far above its 580 billion yuan IPO valuation.
What's new: The IPO was 212 times oversubscribed, putting China’s top memory-chip bet on track to become its biggest listed company on debut.
What's new: The Shanghai-based body aims to coordinate AI governance as China pushes back on security-based tech curbs.
What's new: China suspended schools and transport, canceled hundreds of flights and set aside 40 million yuan for relief.
The deal also covers 1.6 million CPE devices, inter-island backbone, 300,000 FTTH homepass and 5G FWA solutions.
East Java officials signed a LoI in Shanghai and explored joint curricula and international vocational certification.
Why it matters: Tighter control of overnight funding costs could sharpen how China transmits monetary policy through banks and markets.
What's new: The RedNote owner was valued at about $31 billion last year and projected roughly $3 billion in 2025 profit.