China · Business
Same event, multiple sources, transparently cited.
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TSMC reports 36% revenue surge in Q2 2026 driven by strong AI chip demand
TSMC's Q2 2026 revenue jumped 36% year-on-year to NT$1.27 trillion amid robust demand for AI chips.
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Hyundai Motor workers begin three-day partial strike over pay dispute
Hyundai Motor's labor union launched a three-day partial strike from July 13 to 15, 2026, over failed wage negotiations.
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Samsung Electronics to Start Yongin Chip Factory Operations by 2029, Advancing Schedule
Samsung Electronics announced it will begin operations at its Yongin chip fabrication plant by 2029, one to two years earlier than originally planned.
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China's Consumer Inflation Slows in June as Factory Prices Dip for First Time Since 2025
China's CPI rose 1.0% year-on-year in June 2026, slowing from May, while factory gate prices fell 0.3% month-on-month, the first drop since July 2025.
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Chinese economist Gao Shanwen, critic of official GDP data, dies at 54 or 55
Chinese macroeconomist Gao Shanwen, known for questioning China’s GDP growth figures, died July 7 reportedly from cancer and illness.
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Amazon plans $25 billion bond sale to fund AI infrastructure and capital needs
Amazon announced a $25 billion US dollar bond sale in up to eight tranches to support AI investments and corporate expenses.
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China's July 2026 Exports Rise 23.9% on Strong AI-Driven High-Tech Demand
China's exports grew 23.9% year-on-year in July 2026, led by surging semiconductor and high-tech product shipments amid robust global AI investment.
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Apple negotiates to buy memory chips from blacklisted Chinese firms despite US opposition
Apple is negotiating to purchase memory chips from two Chinese companies on a US Pentagon blacklist amid ongoing chip shortages.
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SpaceX Lockup Expiration Unlocks 911.5M Shares Without Immediate Sell-off
On August 6, 2026, SpaceX unlocked 911.5 million shares, doubling free float, but shares rose 6.14% instead of selling off.
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European Commission Charges Temu for Non-Cooperation in December 2025 Raid
The European Commission formally charged Chinese retailer Temu with failing to cooperate during a December 2025 raid on its European headquarters.
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Sony boosts full-year profit forecast after strong Q1 driven by entertainment and currency gains
Sony reported a 40% rise in Q1 operating profit and raised its full-year outlook, citing strong entertainment sales and favorable currency effects.
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Record Low Danube Water Levels Force Nuclear Plant Shutdowns in Hungary and Romania
Historic drought and heat waves have dropped Danube water levels, causing Hungary’s Paks and Romania’s Cernavoda nuclear plants to reduce output and shut reactors.
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Taiwan detains Nvidia employee in AI chip smuggling probe involving China
Taiwan prosecutors detained Nvidia employee Chang amid investigation of illegal shipment of AI servers to China.
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Chinese AI optical maker Zhongji Innolight raises US$6.8 billion in Hong Kong IPO with shares falling on debut
Zhongji Innolight raised US$6.8 billion in a Hong Kong IPO, but its shares fell 2-4% amid a global selloff in AI stocks.
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Shein reports 38.7% profit drop in 2025 ahead of Hong Kong IPO
Shein’s net profit fell 38.7% to $2.064 billion in 2025 while revenue grew 8%, as it prepares for a Hong Kong IPO.
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China fines Trip.com 5.18 billion yuan for abusing dominant hotel booking position
China’s market regulator fined Trip.com 5.18 billion yuan for abusing dominance in the online hotel booking market.
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Nike to end online reseller sales in China, focusing on official digital stores from 2027
Nike will halt online sales through thousands of Chinese resellers starting January 1, 2027, consolidating sales on official digital platforms.
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UK government nationalises British Steel, Chinese owner demands full compensation
The UK nationalised British Steel in July 2026, triggering Chinese owner Jingye Group to demand compensation and launch legal actions.
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Cyberattack on Nichirei disrupts supply chain for KFC Japan, Glico, and sushi chain
Nichirei, Japan’s largest frozen food logistics operator, suffered a cyberattack from mid-July causing shipment delays for major food clients.
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SpaceX Joins Nasdaq 100 Just 15 Trading Days After IPO Amid Volatile Trading
SpaceX was included in the Nasdaq 100 on July 7, 2026, 15 trading days after debut, triggering major index fund buying despite sharp stock volatility.
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World Bank to phase out lending to China by 2031 with $2 billion cap until then
The World Bank will gradually end lending to China by 2031, capping loans at $2 billion amid shifting economic ties.
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AI-driven memory shortage pushes Apple product prices up by 10% to 35%
Apple raised prices on MacBooks, iPads, and other products due to memory chip shortages from rising AI demand, while iPhone prices remain stable.
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Apple lowers Q4 sales forecast due to chip supply constraints; Qualcomm reports weaker Q3 results
Apple cut its Q4 revenue growth forecast citing semiconductor shortages, while Qualcomm reported a 4% revenue drop in Q3 and a cautious outlook for Q4.
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Shein posts $99 million Q1 loss as tariffs weigh ahead of Hong Kong IPO
Shein reported a $99 million loss in Q1 2026 amid rising tariffs and prepared for a Hong Kong IPO following regulatory approval.