{"id":1024637,"date":"2026-07-29T10:45:50","date_gmt":"2026-07-29T05:15:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1024637"},"modified":"2026-07-29T10:45:50","modified_gmt":"2026-07-29T05:15:50","slug":"an-obscure-chinese-company-just-listed-in-shanghai-its-a-story-about-ai-and-your-eye-watering-gadget-bill","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/29\/an-obscure-chinese-company-just-listed-in-shanghai-its-a-story-about-ai-and-your-eye-watering-gadget-bill\/","title":{"rendered":"An obscure Chinese company just listed in Shanghai: It\u2019s a story about AI and your eye-watering gadget bill"},"content":{"rendered":"<p>ChangXin Memory Technologies (CXMT) listed on Shanghai\u2019s STAR Market on Monday, in what was Asia\u2019s biggest initial public offering (IPO) of 2026.<\/p>\n<p>The Hefei-based company raised 57.9 billion yuan (roughly $8.6 billion), pricing shares at 8.66 yuan apiece. Shares surged 470% within minutes of trading opening, changing hands at 49.50 yuan and briefly making CXMT the most valuable company on China\u2019s stock market \u2014 a market capitalisation of 3.3 trillion yuan ($487.31 billion), sharply up from the roughly $85.5 billion valuation implied during the IPO process, even as global tech stocks have been through a recent selloff.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ChangXin Memory Technologies (CXMT) listed on Shanghai\u2019s STAR Market on Monday, in what was Asia\u2019s biggest initial public offering (IPO) of 2026. The Hefei-based company raised 57.9 billion yuan (roughly $8.6 billion), pricing shares at 8.66 yuan apiece. Shares surged 470% within minutes of trading opening, changing hands at 49.50 yuan and briefly making CXMT the most valuable company on China\u2019s stock market \u2014 a market capitalisation of 3.3 trillion yuan ($487.31 billion), sharply up from the roughly $85.5 billion valuation implied during the IPO process, even as global tech stocks have been through a recent selloff.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,51,4],"tags":[],"class_list":["post-1024637","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-it-2-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1024637"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024637\/revisions"}],"predecessor-version":[{"id":1024640,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024637\/revisions\/1024640"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1024637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1024637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1024637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}