Moonshot opens Kimi K3, putting China’s AI model up for download
Why it matters: The release could widen use of Chinese open AI as US officials step up scrutiny over chips and model training.
Bloomberg, The New York Times +1
Subject
#Beijing
CXMT nears $9.8 billion Shanghai debut as DRAM frenzy lifts valuation
What's new: The IPO was 212 times oversubscribed, putting China’s top memory-chip bet on track to become its biggest listed company on debut.
Trump declassifies China election files, revives 2020 fraud claims
What's new: The material conflicts with a 2021 US intelligence review that found no foreign actor altered any technical part of the vote.
Bloomberg, The New York Times +6
China's Q2 GDP slowed to 4.3% as investment slump deepened
What's next: investors are watching a late-July Politburo meeting for possible rate cuts or other stimulus to shore up demand.
China auditor flagged Bank of China over 2.37 billion yuan tax dodge
Why it matters: The report also cited improper loans at Agricultural Bank and governance failures at China Everbright Group.
Bloomberg, The Business Times (Singapore)
ByteDance pursues $20 billion offshore loan amid AI spending push
What's new: The proposed borrowing would top its $10.8 billion 2024 deal and could run three years, with an option to extend to five.
Indonesia targets US$1 billion Panda Bond in China market
Issuance is set to begin next week, with a goal of selling this year after approval is submitted to the PBOC.
Republika, Antara News +2
EU weighs tariffs and new trade tools as China deficit tops €1 billion a day
What's next: EU leaders meeting June 18 in Brussels are set to map out trade talks with Beijing and supply-chain moves in critical sectors.
Indonesia secures US$17 billion AIIB funding through 2029
AIIB also wants to open a representative office in Jakarta, with a target to be in place by June next year.
Antara News, CNBC Indonesia
China threatens retaliation after Taiwan opens intel portal
New: Taiwan’s NSB portal invites people in China to send political and security information through a channel it says is secure.
Purbaya meets China's finance minister to seek investors ahead of Panda Bonds
The Finance Ministry is targeting a Panda Bonds issuance by late July 2026 and has lined up meetings with 15 investors in China.
Xi backs Myanmar's Min Aung Hlaing, signs 18 cooperation deals
What's new: The agreements covered cross-border transport, free trade, disaster aid, health and media during Min Aung Hlaing's five-day China visit.
China retail sales fell 0.6% in May, raising stimulus pressure
What's next: The weak consumption data could push Beijing toward policy easing after second-quarter GDP figures in July.
Taiwan Launches Intelligence Portal for Chinese Residents
The site is blocked in China, but Taipei hopes people will still send information through secure channels, including from abroad.
Alibaba, JD.com fall after China rebukes 618 discount promotions
What's new: Beijing regulators also targeted PDD, ByteDance and Xiaohongshu over alleged false advertising during the midyear shopping festival.
Alibaba bids $1.5 billion for Pupu in China grocery delivery fight
Why it matters: The offer tops a $600 million bid from Sun Art and could intensify antitrust scrutiny as Meituan also pushes deeper into groceries.
Trump puts Taiwan arms sales on hold as US shifts toward China
Why it matters: The move signals a broader effort to stabilize ties with Beijing, unsettling US partners across Asia.
The New York Times, The Straits Times