SiliconFlow announced that it has recently completed a B-round financing of over RMB2 billion.

This round was jointly invested by Ctrip Strategic Investment, JINKO SOLAR (688223.SH), Kingdee, Unicom Xinwo, NIO Capital, SenseTime Strategic Investment, GIANT NETWORK (002558.SZ), Guotai Junan Innovation Investment, and others.

To date, the company has secured investments from leading enterprises across the entire industry chain, spanning energy, chips, computing power infrastructure, cloud services, large models and scenario-based applications.

Over the past year, the company achieved an exponential growth in the enterprise market. Through its Token Factory model, it provides efficient MaaS (Model-as-a-Service), with average daily token calls reaching several trillion. It serves more than 10 million users and 10,000 enterprise clients, with revenue surging over 10x YoY.
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Novo Nordisk CEO Mike Doustdar said the company plans to soon seek approval from Chinese regulators for its weight-loss pill Wegovy, aiming to catch up with Eli Lilly and Company (LLY.US) in the China market.

Doustdar said oral Wegovy data will be submitted within the coming months to seek regulatory approval, and competition from generic drugmakers is expected to emerge from 2Q27.

Although Novo Nordisk has regulatory data protection until early 2027, the patent for semaglutide, the active ingredient in its blockbuster drugs Wegovy and Ozempic, expired in China in March.
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DeepSeek raised more than RMB50 billion (approximately USD7.4 billion) in its first funding round, with a valuation crossing USD50 billion, The Information reported, citing people with the knowledge of the matter.

Investors will be subject to a five-year lock-up period and will not have voting rights.

This fundraising reportedly requires investors to inject capital into a limited partnership managed by DeepSeek CEO Liang Wenfeng, rather than investing directly in DeepSeek itself.
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CHINA MOBILE (00941.HK) recently released the "Notice on the Launch of CHINA MOBILE Call Upgrade Service", stating that it will roll out a free major upgrade to traditional voice call services in mainland China. After the upgrade, users will be able to directly access multiple intelligent services during calls, with functions that can be switched on or off at their discretion.

Starting from June, the call upgrade service will be gradually made available to CHINA MOBILE users in mainland China. In terms of features, the company will progressively introduce services including real-time call subtitles, visual call menus, 1080P high-definition video calls, AI-powered anti-fraud protection, multi-party calling, DC functionality, and noise-reduction calls (for selected users).

Service performance may be affected by network conditions, devices, and call environments. The actual user experience will depend on handset models and system compatibility.
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LI AUTO-W (02015.HK) held its Livis Day Software and Embodied Intelligence Launch Event yesterday (15th). Group CTO Xie Yan stated that LI AUTO cannot merely build chips that are faster than before, but must develop an entirely different type of chip.

The goal is to enable data flow to drive computing processes and to design the architecture itself around AI computing paradigms, he said. This is the dataflow architecture, and Mach M100 is the world’s first dynamic dataflow AI chip.

He said that Mach M100 adopts a 5nm automotive-grade manufacturing process, delivering single-chip computing power of 1,280 TOPS. It is currently the most powerful mass-produced automotive-grade inference chip in the world.

Owing to its dataflow architecture design, Mach M100 achieves actual operating efficiency of over 82%. Benchmarking directly against ThorU, widely recognized globally as the most mainstream chip in the intelligent driving field, Mach M100 comprehensively outperforms it across every test in CNN-based backbone networks, UniAD, and LI AUTO’s core MindVLA model.
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China's Ministry of Finance (MOF) today (16th) issued the third tranche of 2026 RMB-denominated government bonds in Hong Kong, with an issuance size of RMB15 billion.

Following this issuance, the total amount of RMB government bonds issued by the MOF in Hong Kong this year will reach RMB44.5 billion.

As approved by the State Council, the MOF will issue a total of RMB84 billion of RMB government bonds in Hong Kong in six tranches in 2026, according to the overall issuance plan for this year.
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Industrial Production YoY for May in China is 4.5%, higher than the previous value of 4.1%. The forecast was 4.3%.~



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Unemployment Rate for May in China is 5.1%, lower than the previous value of 5.2%. The forecast was 5.2%.~



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Retail Sales YoY for May in China is -0.6%, lower than the previous value of 0.2%. The forecast was 0%.~



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Fixed Asset Investment (YTD) YoY for May in China is -4.1%, lower than the previous value of -1.6%. The forecast was -2%.~



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Alibaba's Cainiao may be disbanded, according to online hearsay. However, Cainiao responded that the relevant claims are false and purely fabricated.

Prior to this, a notice allegedly issued by a Cainiao Post station on a certain campus circulated online, stating that the original operating system of Cainiao Post (including the Cainiao App) would gradually cease operations and be fully integrated into the Taobao system. In the future, users would access parcel pickup services exclusively through the Taobao App portal.

Cainiao Post clarified that the image spread online was misleading behavior by an individual station and has already been removed. The claim that the "Cainiao App will cease operations" is untrue. Consumers can continue to use either the Taobao App or the Cainiao App to collect parcels at Cainiao Post stations.
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There was HKD2.3 billion, HKD1 billion and HKD535 million Southbound Trading net inflow to KNOWLEDGE ATLAS (02513.HK), KB LAMINATES (01888.HK) and KINGBOARD HLDG (00148.HK).

There was HKD853.4 million, HKD651.9 million and HKD487.3 million Southbound Trading net outflow from BABA-W (09988.HK), CNOOC (00883.HK) and TENCENT (00700.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, KNOWLEDGE ATLAS (02513.HK) was the most active stock with highest net inflow of HKD753.1 million, while YOFC (06869.HK) was the most active stock with highest net outflow of HKD632.8 million.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, KNOWLEDGE ATLAS (02513.HK) was the most active stock with highest net inflow of HKD1.5 billion, while CNOOC (00883.HK) was the most active stock with highest net outflow of HKD565.1 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 41.41% of the total transaction amount of HKD117.35 billion.
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Spot USD/CNY gained 44 bps to close at 6.7572 today (15th). As of 4:48 pm, USD/CNY in the night session added 49 bps. USD/CNH lifted 11 bps to 6.7590, 18 bps below USD/CNY.
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Wuxi Youbao Embodied Intelligence Technology (literal translation of "無錫優保具身智能科技") was recently established with a registered capital of RMB50 million, Chinese media reported, citing Qichacha APP.

Its business scope includes the research and development of intelligent robots; sales of intelligent robots; elderly care services; remote health management services; and sales of Class I medical devices.

The company is jointly held by Jiangsu Fengshu Information Technology (literal translation of "江蘇豐數信息科技") and Shenzhen UBTECH Medical Robot (literal translation of "深圳市優必選醫療機器人"), a wholly owned subsidiary of UBTECH ROBOTICS (09880.HK),
equity penetration information showed.
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HONOR announced that the HONOR X80 Pro Max is equipped with an 11,000mAh Qinghai Lake battery, supporting 90W wired fast charging and 27W reverse charging, delivering top-tier battery life and becoming the smartphone with the largest battery capacity in the industry.

The HONOR X80 Pro Max new product launch event will be held next Monday (22nd).
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LI AUTO-W (02015.HK) announced that it will publicly issue the first tranche of 2026 Sci-Tech Innovation Bonds in the National Interbank Bond Market, with an issuance size of RMB2 billion and a maturity of three years. The debt financing instrument will be issued at par, with a subscription yield range of 1.5-2.1%. The issuance date is set for June 16.

The company expects to allocate RMB999.25 million of the proceeds to supplement the working capital of its subsidiary Beijing Liding Automobile Sales Co., Ltd. (literal translation of "北京勵鼎汽車銷售有限公司"), RMB800 million for Shanghai Li Auto Technology Co., Ltd. (literal translation of "上海理想汽車科技有限公司"), and RMB200 million for Beijing Chehejia Automotive Technology Co., Ltd. (literal translation of "北京車和家汽車科技有限公司"), to support the normal operations and medium- to long-term development of the above technology-focused subsidiaries.
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The privatization plan of ENN ENERGY (02688.HK) collapsed, BofA Securities said in a research report. ENN (600803.SH) believed that further extending the final deadline of the plan would create greater uncertainty and restrict its flexibility under the Takeovers Code. Taking into account changes in the macro environment and business plans, ENN (600803.SH) decided to terminate the privatization transaction.

The broker said terminating the privatization deal would affect ENN ENERGY's corporate governance image, implying that the parent company may sacrifice the interests of minority shareholders in exchange for its own benefits. The termination also reflects that, as the structural decline in natural gas costs following the Middle East conflict may take longer to materialize, natural gas distributors are facing mounting challenges.

However, ENN (600803.SH) announced that it will increase its stake in ENN ENERGY (02688.HK). The broker understood that the scale of shareholding increase over the next 12 months will not exceed 2%, otherwise it would trigger a general offer, while any future privatization plan would also require a 12-month cooling-off period.
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