China AI Infrastructure

The People's Bank of China is seeking public feedback on new deposit and loan interest rate rules. The draft removes the 30%-50% penalty on overdue loan interest.

Indonesian finance and central bank officials vowed to ramp up measures to stabilize the rupiah and lure capital inflows. The pledge follows a week of steep stock market declines and the currency hitting an all-time low.

ByteDance refuted reports claiming it is entering car manufacturing or launching an automotive brand. The company said SaiDou is not its brand and it has no equity ties with it.

Seres-backed Saidou Technology will launch a new auto brand on June 9, co-developed with ByteDance's Volcano Engine. The first model, a crossover SUV-sedan, will feature Volcano Engine's cockpit AI and DeepRoute.ai's intelligent driving.

The Nasdaq China Golden Dragon Index fell over 2%. Baidu plunged 7%, while NIO dropped nearly 4%, and XPeng and Tiger Brokers each lost over 3%.

At the 2026 Tencent Cloud AI Industry Application Conference in Beijing, CSIG CEO Dowson Tong explained why Tencent recruited Yao Shunyu. Tong credited Yao with transforming Tencent's AI approach, particularly for Yuanbao and Hunyuan.

Shi Xiaoxin, senior director of product planning at XPeng's robotics unit, resigned in early June. He led the Iron humanoid robot from concept to near mass production.

Wall Street's winning streak is at risk after a robust jobs report raised expectations for a Fed rate hike. The semiconductor index plunged over 7%, with TSMC falling 5.22%.

Large model concept stocks plunged, with MINIMAX sinking 16% and Zhipu AI falling 9%. Semiconductor and memory sectors weakened, dragging Hua Hong, SMIC, and Montage Technology down 7-9%.

FJD Inc. has applied for a Hong Kong listing. The robotics firm serves agriculture, construction and property management. Revenue grew 29.8% to RMB 740 million in 2025.

Embodied intelligence firm Yuanli Lingji acquired logistics robotics company Atomix via equity swap and secured a new strategic financing round. Investors include Zhipu, StepFun, and SenseTime.

Donald Trump signed a long-awaited executive order on artificial intelligence Tuesday, asking technology companies to voluntarily share advanced models before release.