The Shenzhen Stock Exchange will review an initial public offering from XFusion, a server maker, on November 12. The decision could give Zhengzhou its first homegrown computing champion as China's AI hardware race heats up.
Wang Jianlin has taken back the chairmanship of Dalian Wanda Commercial Management, the property and mall unit at the center of his group's debt troubles, 14 years after he last held the role. Chen Hongtao steps down as chairman but stays on as director, manager and legal representative.
Wanchen Group, owner of the Haoxianglai and Laoporenliang discount snack chains, was placed under investigation on November 2 for suspected disclosure violations, days after reporting a 52.15% revenue jump to 55.6 billion yuan for the first nine months of 2026.
Talk of a regulatory pause on IPOs has rattled Chinese dealmakers, but insiders describe a selective slowdown rather than a blanket stop. The shift follows weak secondary-market performance and echoes the staged tightening that began in 2023.
GoGoX, the Hong Kong-listed on-demand freight platform once known as 58 Suyun, plans to sell its mainland China business for a symbolic one yuan. The move caps a four-year slide from a HK$10 billion-plus listing debut and points to a brutal same-city cargo market.
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