ByteDance founder focuses on cutting-edge AI business, frequently traveling between Beijing and Singapore
Baidu said to launch Apollo Go robotaxi service in Southeast Asia as early as this year
Unitree Robotics completes series C financing round, with pre-money valuation exceeding $1.39 Billion
2025.06.25
00:33
CITIC Securities: AI applications are accelerating, focusing on e-commerce, office, and medical scenarios
According to a research report by CITIC Securities, the monetization performance of overseas AI applications is outstanding. With the acceleration of the construction of domestic AI data centers, the policy level has proposed to comprehensively promote artificial intelligence technological innovation, industrial development and empowerment applications. More and more technology giants at the industrial level are actively embracing the MCP protocol, and AI applications are expected to prosper. We believe that 2025 will be the first year for the implementation of AI Agent in vertical scenarios. Companies that are the first to embrace AI will be able to achieve cost reduction and efficiency improvement, and gradually implement them at the performance level. Combined with marginal changes in various industries, we believe that AI has gradually shown positive effects in e-commerce, office and medical care.
00:21
CITIC Securities: Tesla robotaxi begins operation, new cars, domestic demand and exports remain the main lines
CITIC Securities pointed out that the L4 autonomous driving industry has been catalyzed recently. Tesla launched the FSD-based Robotaxi trial operation service in Auster, the United States on June 22. Robovan leaders Jiushi, Neolithic and White Rhino have accelerated their orders. The L4 autonomous driving industry has reached a turning point this year. The robot sector (technological growth) and the new vehicle cycle are still the main investment lines of the automotive sector. Factors such as new vehicles, domestic demand and exports are still structural increments with strong certainty. In the early stage, the industry was affected by the promotion activities of the OEMs in the off-season. Recently, terminal orders have picked up, and there is still room for expected repair or upward movement.
00:08
Guotai Junan International officially approved to provide virtual asset trading services, becoming the first Chinese securities firm to do so
Guotai Junan International has recently been approved by the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and provide opinions on the basis of providing virtual asset trading services. After the license upgrade, customers will be able to directly trade virtual assets such as cryptocurrencies (such as Bitcoin, Ethereum, etc.) and stablecoins (such as Tether, etc.) on the Guotai Junan International platform. So far, Guotai Junan International has become the first Chinese brokerage firm in Hong Kong that can provide a full range of virtual asset-related trading services, covering the provision of virtual asset trading services, providing opinions in the process of virtual asset trading services, and issuing and distributing virtual asset-related products including over-the-counter derivatives.
23:47
Lei Jun: Xiaomi YU7 has three versions
Lei Jun said in the official blog that Xiaomi YU7 has three versions: Standard version: rear-wheel drive, CLTC range of 835km; Pro: four-wheel drive, air spring, CLTC range of 770km; Max: top configuration, high-performance four-wheel drive, CLTC range of 760km.
23:28
Commercialization process accelerates as Chinese Robotaxi companies rush to expand overseas
Following Tesla's launch of the Robotaxi pilot service, on June 23, travel company Hello also announced its official entry into the Robotaxi track. At the same time, domestic leading Robotaxi companies are expanding overseas markets through diversified forms. WeRide will work with the Dubai Roads and Traffic Authority and Uber to deploy commercial Robotaxi travel services in Dubai; Pony.ai will operate a Robotaxi fleet in Dubai for testing. With the influx of new players and the accelerated overseas expansion of leading companies, the Robotaxi industry is accelerating from the technical verification stage to the commercialization stage. The experts interviewed said that the overseas expansion of Robotaxi companies will accelerate the global commercial application of Chinese companies' technology solutions and enhance the innovation-driven effect.
22:52
Smart connected cars are accelerating their development; the social security fund holds 17 concept stocks
Intelligent connected vehicles are an important direction for the transformation of the global automotive industry. At present, with the support of multiple favorable factors such as policies and technological innovation, the penetration rate of my country's intelligent connected vehicles continues to increase, and the commercialization process is expected to accelerate. From the perspective of institutional holdings, many concept stocks have been favored by the social security fund. At the end of the first quarter, 17 stocks were heavily held by the social security fund, with a total holding value of 7.971 billion yuan. Among them, Yutong Bus, Great Wall Motors, and Lens Technology were the top holdings by the social security fund, all exceeding 1 billion yuan.
22:44
Foreign capital focuses on structural opportunities in the Chinese market
As the first half of 2025 draws to a close, many foreign asset management institutions, including Pictet, Goldman Sachs, Robeco, and Morgan Stanley, have spoken out in succession, optimistic about the structural opportunities in the Chinese market. Among them, artificial intelligence, biotechnology, consumption and other sectors have become hot topics for foreign institutions. Some foreign people said that the Chinese government's policy stance is clear and appropriate, which will help to form a stable and predictable policy environment and reduce the risk premium of the stock market. At the same time, policies that support the capital market, encourage dividend repurchases, and promote the entry of medium- and long-term funds into the market are crucial to reducing the risk-free interest rate of the stock market.
22:31
As the commercialization process accelerates, Chinese Robotaxi companies are scrambling to expand overseas
Following Tesla's launch of the Robotaxi pilot service, on June 23, travel company Hello also announced its official entry into the Robotaxi track. At the same time, domestic leading Robotaxi companies are expanding overseas markets through diversified forms. WeRide will work with the Dubai Roads and Traffic Authority and Uber to deploy commercial Robotaxi travel services in Dubai; Pony.ai will operate a Robotaxi fleet in Dubai for testing. With the influx of new players and the accelerated overseas expansion of leading companies, the Robotaxi industry is accelerating from the technical verification stage to the commercialization stage. The experts interviewed said that the overseas expansion of Robotaxi companies will accelerate the global commercial application of Chinese companies' technology solutions and enhance the innovation-driven effect.
21:30
The US bombs didn't collapse the underground Iranian nuclear facility, and set it back a few months
21:29
Social media now main source of news in US
21:28
Fed Governor Barr expects tariffs to push up inflation and supports continued wait-and-see
Federal Reserve Governor Michael Barr said he expects tariffs to push up inflation and supports a wait-and-see approach to interest rate adjustments. In remarks prepared for an event hosted by the Kansas City Fed in Omaha, Barr said the economy is on solid footing, with low unemployment and inflation moving back toward the Fed's 2% target. "Looking ahead, however, I expect inflation to rise as a result of tariffs," he said. "Rising short-term inflation expectations, supply chain adjustments, and second-round effects could cause inflation to persist for some time."
21:23
ARK Invest estimates SpaceX’s value could grow from $350 billion today to $2.5 trillion by 2030
21:22
U.S. could lose more immigrants than it gains for first time in 50 years
21:21
85% of the unemployment rate increase since mid-2023 stems from new labor market entrants struggling to find work
21:19
Iran president says will respect ceasefire if Israel does
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