Startups

14:43

                            ChiNext Index's decline widened to 3%
                        
                            The ChiNext Index's decline widened to 3%. Among its constituent stocks, Compass fell nearly 10%, Yiwei Lithium Energy fell more than 6%, and many stocks including Xiechuang Data fell more than 5%.
                        
18:20

                            Canadian Solar: Oriza Chongyuan plans to reduce its stake by 2.04%
                        
                            Canadian Solar announced that Wuxi Yuanhe Zhongyuan Youneng Venture Capital Partnership (Limited Partnership) holds 75.3384 million shares, accounting for 2.04%. It plans to reduce its holdings by no more than 36.8822 million shares, accounting for 1%, through centralized bidding from September 23, 2025 to December 22, 2025; and reduce its holdings by no more than 38.4562 million shares, accounting for 1.04%, through block transactions. The total reduction ratio will not exceed 2.04%.
                        
13:45

                            PayPay will allow Japanese users to use its payment app in South Korea
                        
                            It is reported that SoftBank's PayPay will launch services in Korean stores at the end of September. The service is mainly for Japanese tourists who use PayPay. The company has not yet provided services to Korean users.
                        
16:24

                            Hong Kong-listed new stock Hesai's dark trading rose by more than 5% at one point
                        
                            Hesai Technology, a newly listed Hong Kong stock, surged over 5% in the dark trading. Hesai Technology plans to offer 17 million Class B ordinary shares globally. The global offering consists of two tranches: 1.7 million Class B ordinary shares in Hong Kong and 15.3 million Class B ordinary shares internationally. Hesai Technology has the option to adjust the offering size, allowing it to allot and issue up to an additional 2.55 million Class B ordinary shares. Based on the IPO price of HK$228, the company expects to raise a total of HK$3.876 billion, with net proceeds of HK$3.706 billion.
                        
14:39

                            SoftBank Group's Japanese stock price closed at a record high.
                        
08:34

                            SoftBank Group's shares rose 7.5%.
                        
21:25

                            NavInfo: Plans to participate in PhiGent Robotics Limited's new round of financing in the form of cash and assets
                        
                            NavInfo announced that it is planning to participate in a new round of financing for PhiGent Robotics Limited in the form of cash and assets. PhiGent Robotics Limited is the parent company of Beijing Jianzhi Technology Co., Ltd. The transaction aims to further optimize the strategic layout, enhance comprehensive strength, build a reasonable industrial layout, and enhance core competitiveness. After the transaction is completed, the intelligent driving businesses of both parties will be integrated to jointly provide automakers with low-, medium- and high-end intelligent driving services based on the Horizon platform and Qualcomm platform. Currently, the transaction is in the due diligence, audit, and evaluation stage, and the transaction plan is being determined through consultation with major shareholders. Once the specific cooperation matters are clarified, the company will go through the corresponding decision-making and approval processes and disclose relevant information in a timely manner.
                        
20:35

                            Perplexity, an American AI startup: Starting today, the US government's access to Perplexity will be in secure mode by default, and will include advanced model selection capabilities.
                        
03:52

                            AI startup Sierra Technologies Inc. raises $350 million at a $10 billion valuation
                        
                            AI startup Sierra Technologies Inc. raised $350 million in funding led by Greenoks Capital Partners at a $10 billion valuation.
                        
12:56

                            SoftBank Group's stock price continued to rise, rising as much as 6.9%.
                        
12:08

                            SoftBank Group's stock price continued to rise, and was recently up 5.2%.
                        
23:19

                            PayPal US users will be first to experience Perplexity's new AI browser
                        
                            PayPal said Venmo and PayPal users in the United States and select global markets will get priority access to Perplexity’s new AI-powered browser, Comet, and a free 12-month subscription to the startup’s $200 Pro service.
                        
00:03

                            US AI startup Anthropic completes new round of financing, with valuation reaching $183 billion
                        
                            American AI startup Anthropic completed a new round of financing, with a valuation of US$183 billion.
                        
11:31

                            A-share midday review: ChiNext Index fell 2.9% in the first half of the day, computing power hardware stocks collectively adjusted
                        
                            The three major A-share indices all fell in early trading. By midday, the Shanghai Composite Index fell 0.79%, the Shenzhen Component Index fell 2.21%, the ChiNext Index fell 2.9%, and the Beijing Stock Exchange 50 Index fell 1.28%. The three stock exchanges in Shanghai, Shenzhen, and Beijing had a half-day trading volume of 1.9304 trillion yuan, an increase of 84 billion yuan from the previous day. Over 4,400 stocks across the market declined. Computing hardware, military equipment, consumer electronics, and digital currency stocks led the declines, while precious metals, banks, and travel and hotel sectors performed relatively well. AI computing stocks, such as CPO, copper cable high-speed connections, and PCBs, weakened during the session. Cambridge Technology hit its lower limit, while Huafeng Technology, Dekeli, and Ruijie Networks plummeted by over 10%. The military equipment sector continued its decline, with Maixinlin, Aerospace Huanyu, and Philihua leading the decline. Blockchain and digital currency stocks also performed poorly, with Sinopec Capital, Eastcom Peace, and Zhongke Jincai all hitting their lower limit. Gold stocks performed relatively strongly, with Baiyin Nonferrous Metals, Laisen Tongling, and Western Gold hitting their daily limit. The banking sector rebounded, with Chongqing Rural Commercial Bank, Qilu Bank, and China Merchants Bank all rising.
                        
19:57

                            Wuhan's science and technology loan balance exceeds 800 billion yuan
                        
                            Reporters learned from a press conference held by the Hubei Provincial Government Information Office that as of the end of June, the balance of science and technology loans in Wuhan exceeded 800 billion yuan, a 12.4% increase from the beginning of the year. Seizing the opportunity presented by Wuhan's inclusion in the pilot program for equity investment by financial asset investment companies and for technology enterprise merger and acquisition loans, the city is actively directing funds to invest in early-stage, small, and high-tech enterprises. Currently, Wuhan has established four AIC equity investment funds with a total investment of 3.6 billion yuan, and has disbursed 482 million yuan in merger and acquisition loans to technology enterprises under the pilot program.
                        
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