Startups

15:01

                            A-share closing review: Shanghai Composite Index fluctuated slightly and IP economic concepts continued to strengthen
                        
                            The three major A-share indices rose and fell today. As of the close, the Shanghai Composite Index rose 0.21%, the Shenzhen Component Index fell 0.11%, the ChiNext Index rose 0.26%, and the Beijing Stock Exchange 50 Index fell 0.25%. The total market turnover was 1,303.5 billion yuan, an increase of 16.9 billion yuan from the previous day. More than 2,300 stocks rose in the entire market. In terms of sector themes, rare earth permanent magnets, quantum technology, IP economy, and auto parts sectors led the gains; agriculture and pork sectors led the declines. On the market, IP economy concept stocks continued to be active, with more than 10 stocks such as Deyi Cultural and Creative, Guangdong Media, and Yuanlong Yatu hitting the daily limit. The rare earth permanent magnet sector continued to explode, with Beikuang Technology hitting the daily limit for four consecutive days, and Huayang New Materials and Ningbo Yunsheng hitting the daily limit. Quantum technology concepts led the gains, with Geer Software and Dongxin Heping hitting the daily limit. Innovative drug concepts continued to be active, with Aosaikang and Hiseko hitting the daily limit, and Shutaishen rising more than 10%. The auto parts sector strengthened, with Dishengli, Yingli Automobile, and West Shanghai hitting the daily limit. Port and shipping concepts declined, with Lianyungang and Ningbo shipping falling by more than 5%.
                        
16:41

                            Uber, UK startup Wayve announce plans to test self-driving cars in London
                        
                            Uber and British startup Wayve announced plans to test driverless cars in London.
                        
10:06

                            Japanese and South Korean stock markets extended gains, with South Korea's composite index up more than 1%
                        
                            On June 10, the gains of Japanese and Korean stock markets expanded. The Korea Composite Index rose by more than 1%, Hanwha Aerospace rose by more than 7%, setting a new record high, Hana Financial Group and KB Financial Group rose by more than 2%, both setting new record highs. The Nikkei 225 Index rose by nearly 1%, and Keyence and SoftBank Group rose by more than 2%.
                        
15:01

                            A-share closing review: ChiNext Index closed up 1.17%; computing power industry chain and stablecoin sectors strengthened in the afternoon
                        
                            The three major A-share indices rose collectively today. As of the close, the Shanghai Composite Index rose 0.23%, the Shenzhen Component Index rose 0.58%, the ChiNext Index rose 1.17%, and the Beijing Stock Exchange 50 Index fell 0.29%. The total market turnover was 1.317 trillion yuan, an increase of 139.5 billion yuan from the previous day. 2,600 stocks in the market rose. In terms of sector themes, the military equipment reorganization, computing power industry chain, football, and stable currency sectors led the gains; the beauty care and food processing and manufacturing sectors fell the most. On the market, the military equipment reorganization concept led the gains, and Construction Industry, Dong'an Power, and Hunan Tianyan hit the daily limit. Sports industry concept stocks rose the most, Jinling Sports hit the 3rd consecutive board, and Gongchuang Lawn, Bingshan Cold and Hot, and Yuanlong Yatu hit the daily limit. AI hardware was active after the Dragon Boat Festival, and Shengyi Electronics, Qingyun Technology, and Cambridge Technology hit the daily limit. The stable currency concept returned, Hengbao shares and Cuiwei shares hit the daily limit, and the large consumer sector adjusted, Mankalong fell more than 15%, and Lafang Home Cosmetics, Zhou Dasheng, and Shuiyang shares fell the most.
                        
15:02

                            A-share closing review: ChiNext closed up 1.11%; consumer stocks collectively strengthened
                        
                            The three major A-share indices rose collectively today. As of the close, the Shanghai Composite Index rose 0.42%, the Shenzhen Component Index rose 0.87%, the ChiNext Index rose 1.11%, and the Beijing Stock Exchange 50 Index rose 1.10%. The total market turnover was 1,117.4 billion yuan, an increase of 13.6 billion yuan from the previous day. More than 3,900 stocks rose in the entire market. In terms of sector themes, big consumption, copper cable high-speed connection, solid-state battery, and delisting sectors led the gains; airport shipping and logistics sectors fell the most. On the market, big consumption concepts continued to be active, with Lehui International, Haoyue Nursing, Guofang Group, Xiangpiaopiao, and Chaohongji hitting the daily limit. Solid-state battery concept stocks rose the most, with Keheng Shares, Chuanyi Technology, and Guanghua Technology hitting the daily limit. AI hardware rebounded, with Huamai Technology and Derun Electronics hitting the daily limit, and Taichen Optoelectronics rising more than 10%. The logistics sector fell, with Bonded Technology, Xinning Logistics, and Debang Shares leading the decline.
                        
11:31

                            A-share midday review: ChiNext Index rose 1.22% in half a day, and nearly 4,000 stocks in the market rose
                        
                            The three major A-share indices rose collectively in the morning trading. As of midday, the Shanghai Composite Index rose by 0.43%, the Shenzhen Component Index rose by 0.91%, the ChiNext Index rose by 1.22%, and the Beijing Stock Exchange 50 Index rose by 1.16%. The market's half-day turnover was 742.5 billion yuan, down 21.4 billion yuan from the previous day. Nearly 4,000 stocks rose in the market. In terms of sector themes, copper cable high-speed links, solid-state batteries, large consumption, and delisting sectors led the gains; airport shipping and logistics sectors fell the most. On the market, the large consumption concept was active again, with Jinling Sports, Lehui International, Jiamei Packaging, Xiangpiaopiao, and Emeishan A hitting the daily limit. Solid-state battery concept stocks rose the most, with Keheng Shares, Longpan Technology, Chuanyi Technology, and Guanghua Technology hitting the daily limit. AI hardware concepts rebounded, with Huamai Technology, Derun Electronics, and Runjian Shares hitting the daily limit. The logistics sector fell, with Bonded Technology, Xinning Logistics, and Debang Shares leading the decline.
                        
13:59

                            Self-rescue failed? Nezha Auto people: "No" dismissal of founder, shareholders come together to save the company
                        
                            On May 30, we asked Nezha Auto for confirmation of the recent reports of the removal of the Shanghai headquarters logo, the failure of the "debt-for-equity" plan, and the motion by state-owned shareholders to remove Fang Yunzhou, the founder, chairman and CEO of Nezha Auto, and generally received a negative answer. Regarding the "failure of the debt-for-equity plan", it was reported that Nezha Auto owed suppliers a total of about 6 billion yuan. On March 25, Nezha Auto had reached a debt-for-equity agreement with more than 100 suppliers for more than 2 billion yuan. The investor was originally required to resolve half of the debt, or 3 billion yuan, before it was willing to provide new funds. In this regard, the above-mentioned brand person said: "The debt-for-equity plan has no KPI. This is a plan for the company to save itself and does not involve anything else." As for the state-owned investor shareholder of Nezha Auto's parent company Hezhong New Energy Automobile, who was brewing a motion to convene a board of directors to remove Fang Yunzhou, the person responded: "It does not exist. The state-owned shareholders are saving the company with us." In terms of financing, "it has actually never stopped, but there has been no further progress."
                        
01:05

                            SNORKEL AI: $100 million in Series D funding, with a valuation of $1.3 billion, led by Additon.
                        
22:47

                            Nezha Auto debt-to-equity swap fails
                        
                            According to 21 Finance, Nezha's plan to "swap debt for equity" to reduce debt in order to obtain new financing has failed. Nezha Automobile owes suppliers a total of about 6 billion yuan, and it was originally planned that only half of the debt, or 3 billion yuan, would be resolved before investors were willing to provide new funds. However, people familiar with the matter revealed that suppliers willing to accept the "debt-for-equity" plan can only help Nezha resolve debts of just over 2 billion yuan, "and the remaining several hundred million yuan is really too much to chew."
                        
16:50

                            Former Netflix CEO joins Anthropic's board of directors
                        
                            U.S. AI startup Anthropic announced on Wednesday that Netflix co-founder and former CEO Reed Hastings has joined the company's board of directors.
                        
08:46

                            Japanese Finance Minister Katsunobu Kato: I have not yet learned any details from SoftBank CEO on the establishment of a joint Japan-US sovereign wealth fund.
                        
17:02

                            Mercedes-Benz Information: Signed a RMB 246 million AI computing power technology service framework agreement
                        
                            Pingzhi Information announced that the company has signed an "AI Computing Power" technical service framework agreement with the Shaanxi Branch of China Telecom Co., Ltd., with a total amount of approximately 246 million yuan. According to the "Shenzhen Stock Exchange ChiNext Stock Listing Rules" and other relevant regulations, the contract belongs to the company's daily operating contract and does not constitute a related transaction. The contract content includes AI computing power services, computing power support, data security, etc. The payment method is installment payment, and the agreement is valid for 60 months. This cooperation will promote the company's future operating performance, but the actual execution amount is subject to the specific order.
                        
13:04

                            SoftBank CEO Masayoshi Son proposes the idea of establishing a joint US-Japan sovereign wealth fund
                        
                            It is reported that SoftBank CEO Masayoshi Son proposed the idea of establishing a joint US-Japan sovereign wealth fund aimed at making large-scale investments in US technology and infrastructure.
                        
17:32

                            Will Semiconductor: Plans to issue H shares and list on the main board of the Hong Kong Stock Exchange
                        
                            Wellshares announced that the 46th meeting of the 6th Board of Directors of the company reviewed and approved the "Proposal on the Company's Issuance of H Shares and Listing on the Main Board of the Hong Kong Stock Exchange Limited" and related plans. The company plans to accelerate its internationalization strategy and overseas business development, enhance its overseas financing capabilities, and improve its overall competitiveness. The issuance plan still needs to be reviewed by the shareholders' meeting and must be filed, approved and ratified by relevant government agencies and regulatory agencies. The specific details have not yet been finalized, and there are significant uncertainties in this issuance. The company will fulfill its information disclosure obligations in a timely manner based on the progress.
                        
11:31

                            A-share midday review: ChiNext Index rose nearly 1% in half a day, and solid-state battery sectors exploded
                        
                            The three major A-share indices rose collectively in the morning. As of noon, the Shanghai Composite Index rose by 0.38%, the Shenzhen Component Index rose by 0.53%, the ChiNext Index rose by 0.99%, and the Beijing Stock Exchange 50 Index rose by 1.30%. The market's half-day turnover was 778.9 billion yuan, an increase of 26.7 billion yuan from the previous day. 3,500 stocks in the market were in the red. In terms of sector themes, solid-state batteries, coal, and innovative drugs led the gains; industrial mother machines and controlled nuclear fusion led the declines. On the market, solid-state battery concepts collectively broke out, with Jinlongyu, Guoxuan High-tech, Binhai Energy, Shengyang Shares, and Lingpai Technology hitting the daily limit. Innovative drug concepts led the gains, with Shutaishen, Sansheng Guojian, Haichen Pharmaceutical, and Harbin Sanlian hitting the daily limit. And the power and coal sectors led the gains, with Dayou Energy, Leshan Electric Power, and Hainan Development hitting the daily limit. The controllable nuclear fusion concept led the decline, with Zhongzhou Special Materials and Prince New Materials falling by more than 5%.
                        
1749711694
119001
14

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Trends

AI AI Tesla bitcoin Nvidia Xiaomi Apple Alibaba Tencent Huawei

Weekly Highlights

                                    Hong Kong stocks opened: Hang Seng Index opened 0.14% higher, Hang Seng Technology Index opened 0.13% higher
                            2025-06-06

                                    A U.S. appeals court rejected Apple's (AAPL.O) request to suspend an order on App Store reforms in its lawsuit against Epic Games, court documents showed.
                            2025-06-05

                                    Cainiao continues to deploy logistics + AI and joins hands with China Eastern Airlines to build the world's first smart hangar
                            2025-06-06

                                    According to The Information: OpenAI has been in talks with Saudi Arabia's Public Investment Fund and India's Reliance Industries about its $4 billion financing. OpenAI has told investors that they hope to raise another $17 billion by 2027.
                            2025-06-12

                                    Taobao Vision Pro App wins Apple Design Award: Hopes to blur the boundaries between online and offline shopping
                            2025-06-12