Foxconn Industrial Internet Hits Limit Up, With Total Market Value Reaching 1.34 Trillion Yuan and Trading Volume Nearing 12 Billion Yuan

On the morning of September 18, 2025, Kaisa Capital (00936) witnessed an extraordinary surge in its stock price, which at one juncture soared by more than 380%. By the time the news was being reported, the stock had climbed by 249.46%, trading at HK$0.65 per share, with a trading volume amounting to HK$6.6107 million.

The company declared the initiation of a strategic transformation. It plans to capitalize on shareholder resources, leverage its own industrial and regional strengths, as well as draw upon its technological expertise accumulated in the Web3.0 domain. The aim is to embark on a journey of digital financial innovation, starting from Hong Kong, China.

On September 17, the group had already forged a partnership with a virtual asset trading platform that holds a license from the Hong Kong Securities and Futures Commission. Together, they will work to advance the tokenization of real - world assets (RWA) within the regulatory framework set by Hong Kong. Looking ahead, the group is committed to continuous innovation, exploration, and resource integration in the realms of fintech, digital finance, and Web3.0.

On September 18, 2025, shares of Foxconn Industrial Internet experienced a remarkable surge, climbing more than 8% during the trading session. The stock price hit an all-time high, propelling the company's total market capitalization past the 1.3 trillion yuan mark for the first time. This milestone represents a staggering year-to-date increase of over 216%, showcasing the company's exceptional performance in the market.

On September 17, the UK government made an announcement: American cloud - service provider CoreWeave is set to invest a whopping £1.5 billion in the UK. The purpose of this significant investment is to expand the capacity and broaden the operational scope of its AI data centers. In the past year alone, this latest investment has catapulted CoreWeave's total investment in the UK to an impressive £2.5 billion. As a key part of this investment initiative, CoreWeave will team up with Scotland - based DataVita. Together, they aim to construct “one of the largest and most efficient AI data centers in Europe”.

Hailiang Copper has released a record of its investor relations activities, demonstrating the company's unwavering commitment to innovation in copper foil technology. The technical specifications of its lithium battery foils, characterized by extremely high resistance and ultra-thin profiles, set a benchmark in the industry. New variants of copper foil, such as nickel-plated copper foil, are now primed for mass production and shipment, and have already garnered approval from top-tier battery manufacturers.

Simultaneously, the company has achieved significant breakthroughs in the high-end standard copper foil market. It anticipates that sales of standard copper foil will surpass 2,000 tons in the first half of 2025. With the global expansion of computing power and the AI economy in 2025, there has been a dramatic surge in demand for terminal heat dissipation solutions. The business of leading heat dissipation companies, which are partners of Hailiang Copper, has witnessed explosive growth. This, in turn, has spurred the demand for copper-based materials used in heat dissipation applications. The order volume in the first half of the year has soared by over 100% compared to the same period last year, with the company supplying a diverse range of products tailored for the data center and AI computing power sectors.

On September 17, during the 2025 AIDC Industry Development Conference, Yang Chaobin, who serves as both a director at Huawei and the CEO of its ICT Business Group (BG), emphasized that as AI computing power and chip power consumption experience rapid growth, liquid-cooled data centers have emerged as an unavoidable option for AI Data Centers (AIDC). At present, the industrial chain for liquid-cooled data centers, along with efforts towards standardization, still requires further enhancement. When advancing standardization initiatives, it is crucial to proactively plan for the overall power distribution and the specific requirements for individual cabinets in future AI Data Centers. This planning should encompass various aspects, including power supply, cooling systems, and load-bearing capacity. Additionally, careful consideration must be given to small electromechanical systems that are closely intertwined with liquid-cooling equipment. These include the power capacity of the Coolant Distribution Unit (CDU), the diameter and connection schemes of secondary pipelines, as well as the interfaces with surrounding systems.

Recently, Qingdao Shanghe Linghang Digital Technology Co., Ltd. was officially established, with Zhu Haiyang as its legal representative and a registered capital of 20 million yuan. The company's business scope covers areas such as big data services, information technology consulting services, and industrial internet data services. It is jointly held by COSMO Digital Technology (Qingdao) Co., Ltd., a subsidiary of Haier Group, and Qingdao Chantou Guosheng Digital Technology Development Co., Ltd.

Recently, Qingdao Shanghe Linghang Digital Technology Co., Ltd. was officially established, with Zhu Haiyang as its legal representative and a registered capital of 20 million yuan. The company has a wide range of business scopes, covering areas such as big data services, information technology consulting services, and industrial internet data services. The equity structure reveals that the company is jointly held by companies such as Kaos Digital Technology (Qingdao) Co., Ltd., which is under Haier Group.

On September 17, Pingzhi Information (300571.SZ) disclosed that it had been pre-selected as a potential winner for the AI Computing Power Technical Service Project undertaken by Zhejiang Posts and Telecommunications Engineering Construction Co., Ltd. The projected contract value, inclusive of taxes, is estimated to be around 170 million yuan.

The scope of procurement for this project encompasses the establishment of a service capability framework tailored for 'training and rendering' operations, along with the provision of essential computing power resources. Securing this contract is poised to significantly bolster the competitive edge of Pingzhi Information's computing power service division in the market. Moreover, it will serve as a catalyst for the company's strategic expansion within the computing power network infrastructure and service sectors.

It is important to note that the project is currently in its publicity phase, and the definitive outcome of the bidding process remains pending.

On September 17, at the Digital & Smart Catering Summit Forum held in Chengdu, Feishu and the freshly-made ice cream brand Mr. Savage announced a comprehensive partnership. Yu Xueqing, co-founder of Mr. Savage, stated that they have chosen Feishu as their 'Digital & Smart Hub for a Thousand Stores.'

The 2025 Huawei KunLing Autumn New Product Launch Conference was held in Shanghai. During the event, Wang Tao, Executive Director of Huawei, unveiled the '4+10+N' intelligent solutions for small and medium-sized enterprises. Here, '4' represents four core scenarios, including intelligent office, '10' denotes ten one-stop scenario-based solutions, and 'N' signifies a series of star products centered around these four scenarios. A total of 26 distribution market products were launched at this event. Meanwhile, Huawei introduced the 'Hundred & Ten Thousand Plan' for its Chinese distribution partners, aiming to cultivate 100 diamond-level distribution partners and 10,000 elite engineering contractors.

On September 17, 2025, John Lee, the Chief Executive of the Hong Kong Special Administrative Region, delivered his fourth policy address during his tenure at the Legislative Council. The report pointed out that the Hong Kong Monetary Authority will encourage commercial banks to launch tokenized deposits and transactions of real tokenized assets, such as using tokenized deposits to settle tokenized money market funds, and normalize the issuance of tokenized bonds. Meanwhile, Hong Kong is implementing the stablecoin issuer regime and formulating legislative proposals for the licensing system for digital asset trading and custody services. The Securities and Futures Commission (SFC) of Hong Kong is exploring ways to expand the types of digital asset products and services available to professional investors, under the premise of fully protecting investors, and to strengthen international tax cooperation to combat cross-border tax evasion. Additionally, the SFC will introduce automated reporting and data monitoring tools to build a risk defense line for digital assets in Hong Kong.

A security incident occurred at Huntress. An engineer stored the system account recovery code in plaintext within a text file on the desktop. After the system was hacked, the recovery code was stolen.

In July 2024, a critical flaw in a software update deployed by cybersecurity firm CrowdStrike triggered a worldwide crash of around 8.5 million computers operating on Microsoft Windows systems. This incident led to the infamous blue screen errors and significantly disrupted multiple vital sectors, including aviation, banking, and healthcare. Recently, cybersecurity investigator Brian Krebs unearthed that roughly 25 NPM software packages have fallen prey to a malicious program named Shai-Hulud. This name is inspired by the formidable sandworm creature featured in the science fiction classic 'Dune', and the potential damage it could inflict might rival or even surpass that caused by the prior blue screen debacle.

On September 17, 2025, Chief Executive Lee Ka-chiu announced in his Policy Address that Hong Kong is set to bolster financial support for the nation's drive to become a technological powerhouse. This will be achieved by helping mainland technology enterprises secure financing in Hong Kong via the "Technology Enterprise Dedicated Channel". (In English, when talking about government initiatives or specialized financial services, using terms like "announced" is more formal and appropriate in a policy context. Also, "Technology Enterprise Dedicated Channel" is a more natural translation compared to "line" as it better conveys the idea of a specific avenue or mechanism. Additionally, "bolster" gives a stronger sense of providing significant support, and "drive" is a more idiomatic way to refer to a concerted effort towards a goal.)

On September 17, 2025, John Lee, the Chief Executive of the Hong Kong Special Administrative Region, delivered the Policy Address at the Legislative Council, announcing that Hong Kong will collaborate with exchanges in the Greater Bay Area to jointly explore new business areas such as commodity trading and carbon trading. As the controlling shareholder of the Qianhai Mercantile Exchange, the Hong Kong Exchanges and Clearing Limited (HKEX) will strengthen its cooperation with the Greater Bay Area to promote the development of an offshore spot market for soybeans. Meanwhile, HKEX's carbon market, Core Climate, will collaborate with pilot carbon markets in the Greater Bay Area to study the feasibility of cross-border trading and settlement.

On September 17, 2025, Alibaba-W opened 2.74% higher in Hong Kong stocks, hitting a new 4-year high, with its total market cap returning to HK$3 trillion and a cumulative increase of over 96% this year.

On an interactive platform, some investors posed inquiries to Aoni Electronics regarding whether the liquid-cooled servers, developed in partnership with AMD, had commenced shipping. They were also keen to understand the applications, features, and the collaboration model of these AI servers. On September 17th, Aoni Electronics clarified that mass shipment of these servers had not yet begun. These workstations are predominantly designed for edge computing environments, where they provide computational support for intelligent terminals. Additionally, both Aoni Electronics and its downstream partners have the flexibility to market these products under their respective brand names, thereby catering to the specific needs of their customers.

Alibaba made an announcement via a statement on the Hong Kong Stock Exchange, revealing that on September 16, 2025, it had accomplished the issuance of zero - coupon convertible preferred notes valued at around US$3.2 billion. These notes are set to reach maturity in 2032. They are mainly aimed at specific non - U.S. investors who are involved in offshore transactions in accordance with Regulation S of the U.S. Securities Act. In terms of fund utilization, Alibaba intends to allocate the net proceeds from this note issuance for general corporate needs. A key focus will be on enhancing cloud infrastructure capabilities and bolstering international commercial operations. Regarding the conversion terms, the initial conversion rate for these notes stands at 5.1773 U.S. depositary shares for every US$1,000 of the principal amount. This translates to an initial conversion price of US$193.15 per share.

On September 16, Feilong Industry revealed on the investor interaction platform that, in July 2025, it set up a wholly-owned subsidiary—Anhui Hangyi Technology Co., Ltd.—in Wuhu, Anhui Province. This subsidiary is dedicated to the research, development, production, and sales of liquid cooling pumps tailored for civilian applications. These applications span a wide range, including data centers, wind and solar energy storage systems, and charging stations. The cornerstone of its product lineup is the IDC liquid cooling circulation pump, which offers comprehensive solutions with power ratings ranging from 16W to 22kW. At present, small-batch supply has already been initiated for some of its projects.