TNB Tech Minute: Apple Supplier Luxshare’s Shares Fall in Hong Kong Debut
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 9 July 2026
⏱️ 3 minutes
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| 0:00.0 | Attention all passengers. |
| 0:04.1 | The Uber ride for Jeff's rugby team will depart in five minutes from Platform 15. |
| 0:09.8 | Your ride comes with six toilets and a refreshment's carriage that you'll empty within five minutes. |
| 0:16.5 | Thank you for booking your tickets on Uber. |
| 0:20.3 | Trains on Uber. |
| 0:23.2 | Here's your morning TNV Tech Minute for Thursday, July 9th. |
| 0:27.4 | I'm Imani Moise for the Wall Street Journal. |
| 0:30.4 | Apple supplier Lux Share Precision Industry had a tepid market debut in Hong Kong, |
| 0:35.6 | despite raising over $3 billion in the city's largest listing so far this year. |
| 0:41.2 | Shears ended about 1.6% below its offer price, a deluge of seven Hong Kong debuts on the same day |
| 0:47.9 | likely diluted investor attention. However, hefty commitments from cornerstone investors, |
| 0:56.5 | like Singapore's Temasek, GIC, |
| 1:00.1 | and Middle Eastern Sovereign Wealth Fund Abu Dhabi Investment Authority, |
| 1:03.7 | suggests strong institutional conviction in Luxshare's fundamentals. |
| 1:10.7 | Chinese AI company, Gipu AI, announced a $4 billion fundraising plan to support its growth, sending its stock surging |
| 1:12.3 | this morning. |
| 1:13.5 | The company is offering nearly 20 million shares at a roughly 13% discount to the stock's |
| 1:18.6 | Wednesday closing price. |
| 1:20.6 | Jipu says the money will fund research and development as Chinese firms spend heavily to compete |
| 1:25.6 | with global rivals like OpenAI, Anthropic, and Google, |
| 1:29.3 | as well as domestic rivals like Deepseek. |
| 1:32.0 | The company plans to fully deploy the proceeds by the end of next year. |
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