Shein, the fast-fashion company, debuted on the Hong Kong stock market with shares falling 7% on the first day. The company raised about 13.6 billion Hong Kong dollars ($1.74 billion) by selling 280 million shares at HK$48.56 each, valuing Shein at approximately $26.5 billion. This is significantly lower than its $100 billion private valuation in 2022. After failed IPO attempts in New York and London, Shein plans to use 80% of the proceeds to boost technology and global expansion. The company reported $41.8 billion in revenue for 2025 but swung to a net loss in early 2024, mainly due to losses on preferred shares.
Arbitrum (ARB) experienced a sharp 33.57% price increase to $0.1135 on September 1, 2026, recovering about 56% from its recent all-time low. However, the rally lacks a confirmed catalyst, and on-chain data indicates the surge is supported by thin org...
LONGWELL introduced its LWBE3G FanWall technology, reducing CRAH fan energy consumption by 38% for next-gen AI data centers. Developed in just 90 days with a top global OEM, it improved PUE from 1.42 to 1.28 and cut noise by 6.5 dB(A). The tech suppo...
The Global Sources Hong Kong Show will take place from October 11 to 21, 2026, at AsiaWorld-Expo, showcasing over 4,200 suppliers and 330,000 new products across consumer electronics, gaming, smart home, and more. The event highlights include the Bes...
Hydreight Technologies reported a record Q2 2026 revenue of $28 million, up 421% year-over-year, driven by growth in its VSDHOne platform and pharmacy sales. The company also posted a net income of $2.5 million and adjusted EBITDA of $3.2 million, ma...
Helium (HNT) surged 36% in 24 hours, driven by increased cell coverage usage in places like Texas and Hawaii and a bullish market sentiment reading of 5.6. Despite this rally, the asset still shows a 38% loss year-to-date and faces downside risks fro...
