Up 419% on day one! 🚀
Chinese scientific instrument maker CIQTEK surged 419.46% on its Shanghai STAR Market debut on Tuesday, closing at 110.23 (US$16.34) yuan after pricing its IPO at 21.22 yuan (US$3.15) per share.
Its instruments are used by universities, research institutes
China's business scene is ambitious and vibrant, yet relentless and crowded at times. Our news coverage helps you stay informed and navigate this dynamic mix.
- 🌀China stopped numbering Typhoon Dolphin at 5pm Tuesday. The storm lasted 15 days and 3 hours, traveling about 7,100 km. Its impact isn’t over yet, with remnants expected to bring heavy rain to parts of northern China. #typhoondolphin #typhoon #extremeweather #china #weatherAn iPhone ad caught attention in Shanghai as Typhoon Dolphin brought heavy rain to the city, with its rain-soaked scene suddenly matching the real world perfectly. 🤣 Netizens joked that the ad had “completely merged with its surroundings.” #typhoondolphin #typhoon
- Long Xiang, former chairman of the Standing Committee of the Nanjing People’s Congress, was sentenced by a court in Hubei on Tuesday to death with a two-year reprieve after being convicted of accepting more than 261 million yuan (US$38.7 million) in bribes, embezzling 12 million
- 71,529% profit growth!? Yes, you read that right. 🤯 Longsys, a major Chinese memory and storage company and the owner of Lexar, reported first-half net profit of 10.58 billion yuan (US$1.57 billion), up 71,528.66% from a year earlier. Revenue more than doubled to 24.09 billion
- South Korea went unbeaten in 7 matches linked to a referee “sexual entertainment” scandal involving its football association, recording 5 wins and 2 draws. A 2016 government audit found that KFA staff allegedly arranged sexual entertainment for more than 10 foreign referees andSouth Korea’s football association is accused of arranging “sexual entertainment” for foreign referees before matches between 2011 and 2012. More than 10 referees and match officials were reportedly involved before World Cup qualifiers, Olympic qualifiers and friendly matches,

