Ming Yuan Cloud

DeepSeek | China's AI Global Breakthrough and Ecosystem Restructuring

Insta360 Debuts on the STAR Market with a 285% Surge, Market Value Exceeds CNY 70 Bn

On June 11, Insta360 (stock code: 688775.SH), a leading Chinese intelligent imaging company, officially listed on the Shanghai Stock Exchange's STAR Market. According to the prospectus, the offering price was CNY 47.27 per share, corresponding to a post-IPO market value of approximately CNY 18.96 billion. On its first day of trading, the opening price was CNY 182 per share, representing a 285% increase from the offering price, with the total market value surpassing CNY 70 bn.

CHANGAN Automobile Plans 20 Overseas Plants Globally, Expanding into Over 100 Countries

On June 7, the 27th Chongqing International Auto Exhibition officially opened. As a leading local car manufacturer in Chongqing, CHANGAN Automobile participated under the theme "Together for A Smarter World", showcasing its full brand matrix and presenting its phased achievements and future plans in new energy, intelligence, and globalization.

BYD: Global Expansion and Premiumization Are Key Strategies

On June 6, the 2024 Annual Shareholders’ Meeting of Chinese electric vehicle manufacturer BYD was held. BYD’s Chairman and CEO, Wang Chuanfu, addressed shareholder concerns regarding the company’s overseas market expansion, electrification, and intelligent technologies, emphasizing that both international expansion and premiumization are critical strategies for BYD.

Roborock Announces Planned Hong Kong Listing; Overseas Sales Surpass Domestic Market

Roborock, a Chinese smart appliance R&D and manufacturing company, announced its intention to list on the Main Board of the Stock Exchange of Hong Kong. The funds raised will be mainly used for international business expansion, product R&D and diversification, leveraging advantages of the global capital market to optimize capital structure, shareholder base, and financing channels.