2026-07-20 04:35:37
Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (Dave Sebastian/Bloomberg)
https://www.bloomberg.com/news/articles/20
Filing: Zhongji Innolight, China's leading optical transceiver maker, aims for an $8B Hong Kong IPO, the city's largest since Alibaba's $12.9B debut in 2019 (Dave Sebastian/Bloomberg)
https://www.bloomberg.com/news/articles/20
Sources: Chinese startup Moonshot AI is seeking formal approval from investors to start a Hong Kong IPO process, which could happen in as soon as six months (Juro Osawa/The Information)
https://www.theinformation.com/briefings/moonshot-ai-seeks-…
Hong Kong weather observatory posts record high temperature #HongKong
Hong Kong-based Qupital, which offers cross-border ecommerce financing to SMEs, raised a $300M Series C led by M Capital as it weighs a possible IPO (FinTech Global)
https://fintech.global/2026/09/15/qupital-eyes-ipo-after-landmark-300m-series-c-round/
Hong Kong's security chief warns the Hong Kong Journalists Association against "misusing" its role or hurting national security, ahead of the group's elections (Agence France-Presse)
https://www.courthousenews.com/hong-kong-s
Donald Trump-backed World Liberty Financial is collaborating with a Hong Kong-based venture offering artificial intelligence models developed by Chinese companies the U.S. administration has flagged for national security concerns.
WorldClaw, founded earlier this year, offers customers access to a suite of AI models
and accepts World Liberty’s crypto tokens as payment.
The Trump family, through its ownership stake, earns revenue from the use of World Liberty’s tokens.
China's first commercial insurance policy for invasive BCI surgery is out https://insidebci.com/market/2026-08-16-picc-property-casualty-china-first-commercial-insurance-invasive-bci-surgery-zhejiang/
Sources: Singapore-based Shein is aiming to hit a ~$25B valuation in its Hong Kong IPO, down from its $30B-$40B goal earlier in August after investor meetings (Reuters)
https://www.reuters.com/legal/transactiona…
Welcome to China, where "national security" actually means "Xi Jinping insecurity".
https://www.npr.org/2026/09/11/g-s1-142832/hong-kong-court-sentences-vigil-organizers
A Hong Kong court convicts Dow Jones of deterring WSJ reporter Selina Cheng from exercising union rights but acquits it of dismissing her in 2024 for doing so (Danny Vincent/The Guardian)
https://www.theguardian.com/world/2026/sep/10/wall-st…
Sources: Moonshot AI is exploring dual Hong Kong and Shanghai listings for greater capital and exposure, amid the weaker performance of AI stocks in Hong Kong (Coco Feng/South China Morning Post)
https://www.scmp.com/tech/tech-tren…
Tiananmen Square vigil organizers convicted of 'inciting subversion' in Hong Kong | CBC News
https://www.cbc.ca/news/world/tiananmen-square-vigil-organizers-convicted-9.7315066?cmp=rss
Sources: Kimi developer Moonshot told investors it is preparing for a Hong Kong IPO in as early as six months; its ARR hit $300M in June, up from $200M in April (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-19/ch…
Singapore-licensed dtcpay, which offers stablecoin payments across Europe, Hong Kong, Australia, and North America, raised a $25M Series A (CoinDesk)
https://www.coindesk.com/markets/2026/09/18/sbi-group-backs-payments-firm-dtcp…
🇺🇦 #NowPlaying on #KEXP's #Early
Siouxsie and the Banshees:
🎵 Hong Kong Garden
#SiouxsieandtheBanshees
https://cleopatrarecords.bandcamp.com/track/hong-kong-garden-kap-bambino
https://open.spotify.com/track/5bxBosfOC3upyOK9tjxZ35
Filing: San Jose-based Chinese optical module maker Ligent seeks ~$727M in a Hong Kong IPO, after its rival Zhongji Innolight's $6.8B Hong Kong debut in July (Sangmi Cha/Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-1…
🇺🇦 Auf radioeins läuft...
Siouxsie and The Banshees:
🎵 Hong Kong Garden
#NowPlaying #SiouxsieandTheBanshees
https://open.spotify.com/track/5bxBosfOC3upyOK9tjxZ35
Walking out of one of Hong Kong’s last remaining independent bookstores,
hands behind her back but head held high,
the woman’s T-shirt was emblazoned with a simple slogan:
💥“I am a bookstore employee”.💥
Escorted by police,
the woman was among five people arrested during raids on two bookstores last week,
suspected of displaying and selling publications with “seditious” content,
a national security crime which carries a maximum sentence of 10 years.…
Apache logs puzzle: I give online assignments where each student gets a separate key (unguessable 84-char hex string). I have some testing examples which I don't release.
In the past couple of days I've had hits on one of these, from Hong Kong and China. How did they find it? The only possible exposure was a document on OneDrive and/or Brightspace for the examiner...
Nothing is secret anymore.
(At least the scrapers didn't know the ID to go with the key...)
Trump-backed WLF is collaborating with Hong Kong-based AI platform WorldClaw; 43 of its 90 AI models are developed by Chinese entities flagged as security risks (Lawrence Delevingne/Reuters)
https://www.reuters.com/world/china/trump-
Big Batteries help with the electrification of everything. 800GW of solar was installed last year, and batteries help smooth the curves [previous post].
1.8TWh of batteries were made last year (!)
"global battery demand will grow from 1.8 terawatt hours last year to 5.7 TWh by 2030 and 16.6 TWh by 2050" from Researchers at Bernstein in Hong Kong
Shein ends flat at ~$6.20 per share on its first day of trading on the Hong Kong stock exchange, giving it a $26B market cap after raising $1.7B in its IPO (Jing Yang/The Information)
https://www.theinformation.com/briefings/shein-ends-flat-de…
Versant's CNBC is shutting down its Hong Kong office and scrapping some daily live shows, including Inside India, The China Connection, and Europe Early Edition (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-03…
Never a weekend slowdown in cybersecurity news, so check out today's Metacurity for the most critical infosec developments you might have missed since Friday, including
--Alibaba’s Qwen races past Meta, Google with 3 billion AI model downloads,
--AI agent exploits Snowflake flaw introduced by Copilot,
--US tells allies to pick sides in AI race with China,
--China pushes to reshape the world’s AI training data,
--China’s Zhipu claims AI edge over Anthropic in cyber test,
--Pentagon scrambles to keep pace with AI’s military risks,
--France holds crisis meeting over massive tax agency hack,
--Iran targets Israeli journalists with phishing attacks,
--Election officials blast CISA over lack of cyber support,
--AI deepfake scams surge in Australia,
--SafePal breach exposes data of nearly 40k customers,
--Bits of Gold breach exposes customer data,
--Hackers exploit Mac flaw to mine cryptocurrency,
--Seven arrested over $35m German bank hack,
--Hong Kong university probes ransomware breach claims,
--Fake GitHub site spreads Mac infostealer,
--US courts to disclose government spyware use,
--Sogang University breach exposes 180k people,
--DDoS attacks hammer secure messaging service Threema,
--Hackers hawk millions of records stolen from Azure tenants,
--London police expose emails of Al Fayed accusers,
--Microsoft kills Windows tool long abused by malware,
--French court blocks social media ban for children,
--AI can’t seem to produce any tech heroes,
--AI makes data breaches even more expensive,
--Amazon used to sell books, not destroy them
https://www.metacurity.com/alibabas-qwen-races-past-meta-google-with-3-billion-ai-model-downloads/
omg i love hong kong "art house" movies: go see chungking express https://en.wikipedia.org/wiki/Chungking_Express if you do too!
China-based Moonshot filed confidentially for a Hong Kong IPO; source: the company is in talks to raise a pre-IPO funding round at a $50B valuation (Juro Osawa/The Information)
https://www.theinformation.com/briefings/moonshot-ai-files-confidentially-h…
Some commentators hyperventilate about China's huge new embassy, but did you know until last year UK Power Networks, the operator for the electric grid in London and most of Southeast England, was owned by a Hong-Kong company? Xi Jinping thus had the means to plunge the UK's most critical areas into darkness at the stroke of a pen. You can't make incompetence like that up.
Fortunately, it's been acquired by French company Engie, so the French had to come and rescue the …
Singapore hopes access to advanced AI models will stem the flow of finance talent to Hong Kong, where financial firms struggle to access the latest US AI models (Financial Times)
https://www.ft.com/content/7d2969fd-85aa-43fb-ae04-97d1d0ee2463
@… Hello Mr #ThePlaylist. First thank you for Monday's episode which was perfectly timed: the last echoes of God Only Knows fading out as I parked the car at work this morning.
Secondly, I have a couple of theme ideas that popped into my head. Sorry if they've been done before.
1: "Plants / Horticulture". This would allow songs from the lovely Kate Bush and (equally lovely I'm sure) Hothouse Flowers, as well as e.g. Hong Kong Garden by Siouxsie.
2: "Thespians". There is Michael Caine by Madness, and Barbra Streisand by Duck Sauce. And I'm sure other suitable songs that my little brain can't come up with right now.
Tung Chee-hwa, Hong Kong's first leader under Chinese rule, dies at 89 (James Pomfret/Reuters)
https://www.reuters.com/world/china/tung-chee-hwa-hong-kongs-first-leader-under-chinese-rule-dies-89-2026-09-08/
http://www.memeorandum.com/260908/p91#a260908p91
Moore Threads reports H1 revenue up 147% YoY to ~$258M, a net loss of $1.72M, says it plans a Hong Kong listing, after its stock surged 420% since Shanghai IPO (Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-09/chin…
Shenzhen-listed Apple supplier Lingyi iTech seeks to raise $1.1B in a June 26 Hong Kong debut, as the electronic parts maker expands into AI hardware and robots (Iris Deng/South China Morning Post)
https://www.scmp.com/tech/article/3357705/
Chinese autonomous driving company Momenta saw a muted trading debut in its Hong Kong IPO, valuing the company at ~$9B, after raising $751M (Jiahui Huang/Wall Street Journal)
https://www.wsj.com/business/autos/g…
China's Nexchip Semiconductor says it aims to raise around $890.37M in its Hong Kong share sale by offering 216.2M shares at ~$4.12 per share (Rajasik Mukherjee/Reuters)
https://www.reuters.com/world/asia-pacific/chinas-nexchip…
Sources: Shanghai-based GPU maker MetaX confidentially filed for a Hong Kong listing, targeting an IPO by the year-end, amid a surge of fundraising from rivals (Zoe SL Chan/South China Morning Post)
https://www.scmp.com/busine…
Sources: Shein is targeting a $40B valuation after winning Beijing's approval for a Hong Kong IPO, set for as early as Q3; Shein canceled its US IPO in 2024 (Wall Street Journal)
https://www.wsj.com/business/r…
Official data shows Hong Kong accounted for 50% of China's $239B in chip imports in the first five months of 2026, a record share, up from ~33% a decade ago (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-02…
So eight people posed as would-be sugar daddies on a Hong Kong dating website, offering to pay victims HK$50,000 and HK$70,000 a month if they paid a so‑called legal fee in order to receive the money. They earned $6.2 million over two years doing this.
https://news.rthk.hk/rthk/en/component/k2/1865627-20260810.htm?mid=1#cid=3662624
Hong Kong-listed Z.ai reports H1 2026 revenue up 5x YoY to ~$142M, with "open platform and API revenue" up 28x to ~$122M, and net loss down 12% YoY to ~$308M (Juro Osawa/The Information)
https://www.theinformation.com/briefings/chines…
🇺🇦 #NowPlaying on KEXP's #VarietyMix
Sneaks:
🎵 Hong Kong to Amsterdam
#Sneaks
https://sneaks.bandcamp.com/track/hong-kong-to-amsterdam
https://open.spotify.com/track/6rdQObVaQXOprZuQ0a6zFP
Apple supplier Luxshare fell in its Hong Kong trading debut, closing down 1.6%, after raising ~$3.1B in the city's biggest listing in 2026 so far (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-08/apple-suppl…
Innolight, China's leading maker of optical transceivers, closes 2% below its Hong Kong IPO price after raising ~$6.8B, the city's biggest listing since 2019 (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-29/inn…
Sources: Baidu's chip unit Kunlunxin Technology plans a Hong Kong IPO at a $50B target valuation, asking investors to buy chips worth 3-7x their IPO investment (Qianer Liu/The Information)
https://www.theinformation.com/articles/baidus-chip…
Shanghai-based Momenta, whose driver-assist tech is used by Toyota, Mercedes, and Audi in China, files for an IPO in Hong Kong, seeking to raise up to $751.1M (Reuters)
https://www.reuters.com/business/autos-tra
Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-08/ilu…
Filing: Shein says its US business is under FTC investigation and it is "cooperating", without giving specifics, as the company prepares for an IPO in Hong Kong (Gabrielle Fonrouge/CNBC)
https://www.cnbc.com/2026/07/28/shein-discloses-its-und…
Don't miss today's Metacurity for the most crucial developments cyber defenders should know, including
--OpenAI loosens GPT-5.6 cyber guardrails for vetted defenders,
--Anthropic to watermark Claude output worldwide,
--Gunra ransomware targets critical infrastructure through Fortinet flaws,
--WormGPT creator faces trial in Portugal
--Ransomware disrupts systems at Winnipeg’s largest hospital,
--China-linked hackers exploit N-central flaw to deploy ransomware,
--AI-found Zoom flaws enabled silent device takeovers,
--DEF CON flight hit by hacker WiFi scare,
--LexisNexis takes services offline after suspicious activity,
--NATO, AI startup join ENISA’s CVE program,
--BdThemes supply-chain attack creates rogue WordPress admins,
--Jeju Air breach exposes passenger passport data,
--Adversarial patterns make people and cars invisible to surveillance AI,
--Ceva Logistics hack ripples across retailers and customers,
--New cyber program aims to help small water utilities,
--DeepMind AI team warns applicants its own AI may reject them,
--Hong Kong police bust $800,000 sugar daddy scam,
--Cyber AI startup Corma raises $60m in seed round,
--UK courts ban Meta’s pervert glasses,
--FBI warns hackers are stealing intimate images for sale,
--ICE pays millions for LexisNexis data to feed Palantir
--China’s AI companion crackdown breaks millions of hearts
https://www.metacurity.com/openai-loosens-gpt-5-6-cyber-guardrails-for-vetted-defenders/
Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B (Reuters)
https://www.reuters.com/business/retail-consumer/shein-…
Apple supplier Luxshare raised ~$3.1B in its Hong Kong IPO, selling 383.5M shares at ~$8 each, the top of its marketed range, and will start trading on Thursday (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-07/appl…
Shein lost about $5B in market value since its IPO, dropping to ~$21B, as it finished one of the worst opening weeks after a major Hong Kong listing (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-07/shein-s-value-do…
Filings: Moonshot restructured its China-based entity from a limited liability company to a joint stock company in its first visible step toward a Hong Kong IPO (Financial Times)
https://www.ft.com/content/9c0d4f0d-d2c6-4189-b4bb-200d17a4720f
🇺🇦 #NowPlaying on #KEXP's #DriveTime
Siouxsie and the Banshees:
🎵 Hong Kong Garden
#SiouxsieandtheBanshees
https://cleopatrarecords.bandcamp.com/track/hong-kong-garden-kap-bambino
https://open.spotify.com/track/5bxBosfOC3upyOK9tjxZ35
Sources: Zhipu is considering a multibillion-dollar Hong Kong share sale after its stock surged 2,000% since its January IPO, pushing its market cap above $128B (Dong Cao/Bloomberg)
https://www.bloomberg.com/news/articles/20
Filing: Shein will debut on the Hong Kong exchange on Sept. 1, seeking up to $1.8B in its IPO with Goldman Sachs, Morgan Stanley, and JPMorgan as joint sponsors (Julia Fioretti/Bloomberg)
https://www.bloomberg.com/news/articles/20
Sources: Shanghai-based Coowa, which develops embodied AI robots, plans to file a Hong Kong IPO; Coowa was valued at $3B after raising $600M in its latest round (Jiahui Huang/Wall Street Journal)
https://www.wsj.com/tec…
Sources: Shanghai-listed chip test instruments maker Semight, whose stock is up ~2,200% since its April debut, is considering a secondary listing in Hong Kong (Bloomberg)
https://www.bloomberg.com/news/articles/2026-…
Shanghai-based AI chipmaker Biren raises ~$892.5M in a new share sale to boost GPU production; Biren's stock is up 150% since its January Hong Kong IPO (Ann Cao/South China Morning Post)
https://www.scmp.com/tech/tech-trends/arti
Sources: Moonshot may seek to raise $3B to $5B in a planned Hong Kong IPO that could occur as soon as this year (Bloomberg)
https://www.bloomberg.com/news/articles/2026-09-04/moonshot-is-said-to-seek-up-to-5-billion-in-hk-ipo-th…
Shein raised $1.7B in its Hong Kong IPO, giving it a $26B market cap, far below its ~$100B valuation in 2022, as growth slows amid tariffs and competition (Charlotte Yang/Bloomberg)
https://www.bloomberg.com/news/articles/2026-08-…
Five Chinese tech and advanced manufacturing companies launched Hong Kong listings today to raise up to $5.6B, led by Apple supplier Luxshare's $3.15B offering (Reuters)
https://www.reuters.com/world/asia-pacific
Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval (Reuters)
https://www.reuters.com/legal/transactional/how-shein-had-…
Sources: Moonshot AI hit a $35B valuation after closing a $3.5B round, exceeding its initial target of $1B to $2B, and plans a Hong Kong IPO as soon as 2026 (Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-29/china…
Alibaba falls ~5% in Hong Kong after Anthropic accused it of "illicitly" accessing its AI models, taking its YTD fall to 33%; Xiaomi and Baidu fell 3% (Jeanny Yu/Bloomberg)
https://www.bloomberg.com/news/articles/20
🇺🇦 #NowPlaying on BBCRadio3's #InTune
Ned Rorem, Evelyn Glennie, City Chamber Orchestra of Hong Kong & Jean Thorel:
🎵 Mallet Concerto: III. Back and Forth
#NedRorem #EvelynGlennie #CityChamberOrchestraofHongKong #JeanThorel
Tencent's Hong Kong-listed shares fall ~7%, the most since April 2025, as investors worry over "rumors" of weaker earnings on August 12, and NetEase drops 5% (Bloomberg)
https://www.bloomberg.com/news/articles/20
Shein's IPO prospectus shows Q1 revenue of $9.05B, up 1% YoY, as it swings from $395M profit in Q1 2025 to $99M loss partly due to US' "de minimis" rule removal (Reuters)
https://www.reuters.com/legal/transactional/sh…
Following abandoned IPO attempts in NYC and London, Shein is struggling to grow as it nears a Hong Kong listing at a fraction of its peak valuation of $100B (Sui-Lee Wee/New York Times)
https://www.nytimes.com/2026/08/21/busines
Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)
https://www.reuters.com/business/retail-consum…
Sources: after it closes a round at a $31.5B valuation, Moonshot plans a final raise at a $50B valuation to capitalize on Kimi K3 buzz before a Hong Kong IPO (Pei Li/Bloomberg)
https://www.bloomberg.com/news/articles/2026-07-2…