An inland East China province across Yangtze and Huai basins
Typhoon Bavi has made two landfalls in Zhejiang province and has weakened to a severe tropical storm while still carrying vast moisture. Authorities have evacuated more than 1.7 million people in Zhejiang and moved hundreds of thousands in neighbouring provinces; flights and train services have been cancelled and flooding, fallen trees and landslides have been reported.
Rivian plans a public offering to raise about $1.5 billion while ChangXin Memory Technologies priced its Shanghai IPO at 8.66 yuan per share, potentially raising up to 66.6 billion yuan. The offerings come as Rivian aims to fund a loan-related equity contribution and ChangXin expands its market presence on STAR Board.
China’s CXMT has raised about $8.6-9.8 billion in its STAR-market IPO, underscoring Beijing’s drive for tech self‑reliance. The stock surged on debut but faces headwinds from limited access to EUV tooling and ongoing competition from Samsung, SK Hynix and Micron. Analysts say long-term success depends on closing technology gaps, not investor enthusiasm.
Typhoon Dolphin has weakened inland but continues to cause extreme rainfall and floods across Zhejiang, Shanghai and Fujian. Authorities have evacuated hundreds of thousands, canceled thousands of flights, and closed major attractions as the storm moves westward.
Dolphin has made landfall near Yuhuan, Zhejiang, bringing winds of 151 km/h and torrential rain. The storm has prompted mass evacuations, flight cancellations, and widespread transport disruptions as authorities warn of prolonged rainfall and flood risk across eastern China.
Multiple storms have triggered record rainfall across parts of South Korea, the Philippines and China, causing evacuations, power outages and injuries. Geoje and nearby areas have seen rescues and ongoing emergency responses as the deluge continues.