Humanoid robot maker Unitree Technology debuted on Shanghai's STAR Market with shares soaring over 463% to 850 yuan, pushing its market cap past 350 billion yuan and into the top 10 on the board. Founder Wang Xingxing, who directly and indirectly holds about 30% of the company, saw his net worth exceed 100 billion yuan , making him the wealthiest person born in the 1990s. Early backers reaped massive gains: Xiaomi founder Lei Jun's Shunwei Capital affiliate scored a paper profit of over 15.2 billion yuan , while AI entrepreneur Liang Wenfeng's vehicles gained over 1.1 billion yuan . The listing reflects intense investor appetite for China's robotics sector.
South Korean chip giant SK Hynix announced a share buyback of up to 40 trillion won ($28.6 billion) , with repurchased shares to be cancelled. The company also pledged to return at least half of its free cash flow to shareholders from 2025 through 2027, considering both fixed and special dividends. The news lifted SK Hynix's US-listed shares by over 1% in overnight trading after an earlier 3% drop.
On Binance, the SanDisk (SNDK) perpetual contract recorded $6.37 billion in 24-hour volume, edging out Bitcoin's USDT perpetual at $5.96 billion . Notably, 10 of the top 15 contracts by volume are now TradFi-linked assets, signaling a rapid convergence of traditional equities and crypto-native trading. The shift suggests global users are increasingly using crypto platforms to gain exposure to US stocks and other core assets with lower barriers.
Shanghai's municipal government released its 15th Five-Year Plan for digital development, which includes researching a Web3.0 innovation testbed mechanism . The plan emphasizes building a digital economy ecosystem, supporting AI, metaverse, and embodied intelligence, and accelerating data industry cluster construction. The move signals Shanghai's ambition to become a hub for next-generation internet technologies within China's regulatory framework.
Binance co-founder He Yi shared research showing that among Binance users investing in US stocks, about three-quarters are net accumulators and one-fifth have never sold. Generation Z stands out with the highest net buying ratio and lowest trading frequency, indicating strong long-term holding conviction. He Yi noted this reflects a new generation of investors engaging with patience and discipline as access barriers lower.
Chinese world model developer Moxin Technology completed a new 500 million yuan funding round, lifting its valuation to nearly 4 billion yuan . The company has now closed four rounds in eight months, attracting state-backed investors like Shenzhen Capital Group and industrial capital from Huawei Hubble, Lenovo Holdings, and others. The funding underscores strong investor appetite for embodied AI and world model startups in China.
China's Ministry of Industry and Information Technology reported that robot industry revenue from large-scale enterprises reached 165.5 billion yuan in the first half of 2026, up 24.5% year-on-year. For full-year 2025, revenue exceeded 300 billion yuan with an average annual growth rate above 20% over five years. The ministry plans to focus on applications in agriculture, healthcare, elderly care, and emergency response to accelerate technology iteration.
TikTok is building a peer-to-peer payment feature that would let users transfer money via direct messages, according to code found in the US version of the app. The interface includes payment acceptance, transaction notifications, and message attachments, similar to PayPal's Venmo. A TikTok spokesperson said the feature is in early development and not yet tested; TikTok Pay currently operates only in Vietnam, Malaysia, and Thailand for in-app shopping.
A technical analysis by X user ultra claims that Kaito's Pulse browser extension collects device fingerprints via GPU rendering and hardware tests, links Twitter IDs across accounts, records browsing history and session behavior, reads ChatGPT and Claude subscription data, and auto-clicks on Binance to scrape wallet balances and trading records. The extension reportedly runs on 12 domains, including Binance, OKX, Bybit, Hyperliquid, and AI platforms. Kaito, an AI crypto research platform, has not yet publicly responded.
Chinese embodied AI company Moushen Intelligent completed a nearly 500 million yuan ($70 million) Pre-A+ funding round led by state-backed funds and industrial investors. Existing shareholders also participated with oversubscription, driving a more than 10x valuation increase in the first half of the year. The company is positioning itself as a fast-growing player in embodied brain technology for robots.
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