Shein ends flat at ~$6.20 per share on its first day of trading on the Hong Kong stock exchange, giving it a $26B market cap after raising $1.7B in its IPO (Jing Yang/The Information)

Shein listed on the Hong Kong exchange at about $6.20 per share, raising $1.7 billion and valuing the company at $26 billion. Apple named John Ternus CEO, moved Tim Cook to executive chair, and rehired former hardware VP Laura Legros. Nvidia slated DLSS 5 for September 3 on RTX 50 GPUs. OpenAI denied Apple’s trade-secret claims. Mozilla added iOS ad-blocking via WebKit. PSI secured $58 million to apply AI to fundamental physics. Sonos opened its platform to third-party AI assistants and upgraded its own voice service.