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Eswin, China’s largest 12-inch silicon wafer supplier, has won approval for a RMB 4.9 billion (USD 682.8 million) IPO on Shanghai’s Star Market. The p…

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Eswin, China’s largest 12-inch silicon wafer supplier, has won approval for a RMB 4.9 billion (USD 682.8 million) IPO on Shanghai’s Star Market. The proceeds will fund a second plant in Xi’an, doubling the firm's capacity to 1.2 million wafers a month by 2026. Its revenue rose 46% in H1 2025, though losses continued, as Beijing eases listing rules for strategic but unprofitable chipmakers.

Cambricon Technologies plans to raise RMB 3.98 billion to fund <a href="/industry/ai">AI</a> chip development, pending approval from the CSRC. The move follows a 280% surge in its share price over the past year, driven by Beijing’s push to expand local semiconductor production.

<a href="/company/anker">Anker Innovations</a> is considering a Hong Kong listing as early as 2026, according to people familiar with the matter. The Shenzhen-listed electronics maker, valued at RMB 79 billion, has seen its share price rise more than 50% this year. Discussions are ongoing, with deal size and timing yet to be finalized.

<a href="/company/great-wall-motor">Great Wall Motor</a> has commenced production at its Iracemapolis factory in Sao Paulo, Brazil, its third overseas full-process manufacturing hub after Russia and Thailand. Converted from a Daimler plant, the site has capacity for 50,000 vehicles a year and will produce Haval SUVs and GWM pickup trucks for Latin America.

On August 17, <a href="/company/billibili">Bilibili</a> founder Chen Rui relinquished legal and executive roles at multiple subsidiaries, including a full departure from Huandian Technology and a partial exit from Kuanyu Digital Technology, where he remains the sole shareholder. The shift comes days ahead of Bilibili’s Q2 earnings report on August 21.

Meta is expected to launch its first display-equipped smart glasses for about USD 800, down from earlier expectations of USD 1,000–1,400, in a bid to spur demand. The device, controlled via a neural wristband, is part of Meta’s <a href="/industry/ar-vr">AR</a> push. The launch comes as Apple’s Vision Pro struggles with sales and Apple shifts focus to AI and smart home products.

Labubu plush dolls from China’s <a href="/company/pop-mart">Pop Mart</a> are booming in Japan, with transactions on Soda’s Snkrdunk app 66 times higher than in January and resale prices far above list value. The shortage has fueled a wave of counterfeits, prompting marketplaces and services like Fakebusters to expand authentication using X-rays, UV checks, and verification badges.

Agibot said its full range of products is now available for sale on its own platform and JD.com, marking a step toward full commercialization. The lineup includes service, interaction, education, cleaning, dexterous hand, and quadruped robots, all supporting scenario-based customization.

<a href="/company/li-auto">Li Auto</a> has reverted to a province-based sales model that previously fueled growth, less than six months after adopting a “warzone” structure. The shift follows lackluster i8 sales, mounting pressure on staff, and delivery shortfalls. Two new departments will support the transition under president Ma Donghui’s oversight.

<a href="/company/temu">Temu</a> has partnered with Austrian Post to integrate parcel lockers and convenience store returns into its platform, part of a “local-to-local” strategy already adopted with DHL. The move aims to improve delivery and customer perception as EU regulators probe the retailer over unsafe goods and addictive design features, with potential fines of up to 6% of global revenue.

OpenRouter data shows <a href="/company/alibaba">Alibaba’s</a> Qwen 3 Coder rose to a 20.5% share of coding tasks over the past week, up 15.4 percentage points since late July. The gains came as Anthropic and Google lost ground, while GPT-5 held under 5% of the market.

China’s semiconductor scene is shifting fast under the pressure of AI demand and supply constraints.

China Recap | Chipmakers in motion

Vicky is a senior reporter based in Hangzhou, covering news about Chinese companies expanding their footprints abroad.

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Eswin wins approval for Shanghai IPO

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