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Tencent-Backed Enflame IPO Draws 4,073 Times Retail Demand

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Shanghai Enflame Technology Co., backed by Tencent Holdings Ltd., attracted 4,073 times retail demand in its initial public offering, Bloomberg reported.

The listing positions Enflame as the final member of the group of four leading Chinese AI chipmakers to tap public markets.

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China Shipbuilding Subsidiary Wins Over $1 Billion Order for 10 LNG Dual-Fuel Carriers

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China Shipbuilding on Sept. 2 announced that its controlling subsidiary Guangzhou Shipyard International and China Shipbuilding Trading signed a newbuilding contract on Sept. 1 with a prominent shipowner for ten LNG dual-fuel car carriers, each capable of carrying 8,200 vehicles.

The contract value exceeds $1 billion and will be settled in U.S. dollars, with deliveries anticipated between 2029 and 2031, according to Jiemian News.

China Shipbuilding noted that the extended contract horizon is not expected to materially affect current profit, but it could bolster the group's medium- to long-term market competitiveness and profitability.

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JPMorgan Reduces Stake in J&T Global Express Amid Other Holdings Changes

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J&T Global Express (01519) disclosed a series of shareholding changes in its latest filings. According to ETNet, JPMorgan reduced its equity stake through several on-market transactions at average prices ranging from HK$8.4292 to HK$10.6542.

The records show Boyu Capital Fund decreasing its holdings on multiple dates. SF Holding added 82,166 shares through an off-market trade on January 15, 2026, at an average price of HK$10.1.

The filing also lists multiple transactions by Lee Kit in both B and A share classes, as well as a reduction by Tencent Holdings on April 9, 2024.

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AMEC Executes 500,000-Share Block Trade at 5.12% Discount

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AMEC, the semiconductor equipment maker, saw 500,000 shares change hands in a block trade on September 2 for 163 million yuan, according to Jiemian News.

The transaction accounted for 4.04% of the day's turnover, and the shares were sold at 326.27 yuan each, a 5.12% discount to the market close of 343.88 yuan.

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Goldman Sachs Adds Adyen, RWE and Talanx to European Conviction List

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Goldman Sachs has added Adyen, RWE and Talanx to its European Conviction List – Directors’ Cut, a curated group of buy-rated European equities.

Adyen carries the largest upside estimate at 77%, while RWE and Talanx are seen with upside targets of 28% and 13%, respectively, according to BeInCrypto.

Goldman also removed Hannover Re, Enel, Wise and Zalando from the list.

As of September 1, Adyen traded around €1,006.80, RWE about €58.58, and Talanx near €125.

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Climate Change Drives Portuguese Man o' War to European Beaches

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Climate change-driven ocean warming is linked to more frequent appearances of the Portuguese man o' war along Europe’s Atlantic and Mediterranean shores, according to Sina Finance.

The warnings for beachgoers and incidents of stings have risen, with Arcachon Beach on France’s Atlantic coast briefly banning swimming earlier this month due to the species' presence.

On the Basque coast, authorities reported more than 1,000 stings in the past two weeks.

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UK Heatwave Boosts Grape Quality as Winemakers Brace for Weather Extremes

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A hot British summer has improved grape quality and opened the prospect of expanding red-wine production, according to Sina Finance.

Alastair Benham, operations director at Gusbourne in Kent, said the warmth has positively affected the vineyards, and the fruit harvested so far is in excellent condition. He added that the industry must stay adaptable and use technology to reduce the impact of extreme events after a relatively cool and wet year two years ago.

Ian Beecher-Jones, owner of JoJo's Vineyard in Oxfordshire, described this as a bumper year for grapes, but noted that producers should not focus only on heat and must also consider heavy rainfall and soil management.

Sam Lindo, head of Camel Valley in Cornwall, said the grapes are very good, but traditional-method sparkling wine still requires whole-bunch pressing to soften the base wine's flavor and avoid bubbles amplifying the wine's character.

Wine expert Kent Barker said sustained heat could improve England's ability to make high-quality red wine.

Christopher Wokey, co-founder of wine consultancy Clerissa, said warmer weather could attract more investors to England's wine industry.

Sherrie Spriggs, Nyetimber's chief winemaker in West Sussex, said recent years have brought highly variable weather, and the only way to keep working is to prepare for both hot, dry conditions and cool, wet seasons.

Chris White, chief executive of Denbies Wine Estate in Surrey, said if hot summers continue, the estate may shift toward earlier-ripening varieties such as Pinot Noir and Chardonnay, while wetter periods could push it toward more disease-resistant hybrid varieties.

Galia Pike, creative director at Westwell Wine Estates in Kent, said this year will bring an astonishing harvest, but one outstanding vintage does not mean the next year will repeat it.

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