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A robotics startup has completed multiple funding rounds in just over two months, achieving a post-C-round valuation exceeding RMB 20 billion. The investment consortium includes over 30 top-tier institutions like the National AI Industry Investment Fund and Sequoia China, with Xiaomi participating consecutively. This signals intense capital interest in intelligent robotics.
Read MoreAmerican Express is recruiting a VP for Stablecoin & Blockchain Strategy in New York. This senior role will shape the company's strategy in programmable money, stablecoin payments, and blockchain infrastructure, driving partnerships and key projects from concept to launch.
Read MoreChina's Ministry of Commerce has placed 20 Japanese entities, including defense research institutes, on an export control list. This action aims to safeguard national security and fulfill non-proliferation obligations. Exports of dual-use items to these entities are prohibited, with exceptions requiring special approval.
Read MoreThe Reserve Bank of New Zealand is widely expected to hold rates steady in July. Analysts cite falling oil prices and resilient demand as key factors, suggesting the economy has slowed but remains on track, making a pause the prudent choice.
Read MoreAmid volatile global precious metals markets, major Chinese banks are tightening rules for personal gold trading services. Measures include raising margin ratios and revising terms, with some banks phasing out these services entirely. Investors should review their positions and stay updated on policy changes.
Read MoreOn June 29, major A-share indices turned positive, with the ChiNext Index leading gains at 1.61%. Market strength was concentrated in semiconductor chips, nuclear fusion, and industrial gases, with nearly 1,600 stocks advancing across the three major exchanges.
Read MoreSouth Korea's inflation is forecast to rise 3.2% year-on-year in June, marking the second consecutive month above 3%. Soaring raw material costs and a weak won are key drivers, increasing pressure for the Bank of Korea to raise interest rates soon.
Read MoreLoopring has halted all DEX trading and shut down its Relayer services, entering a winding-down phase. The team cited technical limitations and evolving ecosystem as key reasons. User assets will be automatically returned by the team without requiring user action.
Read MoreSouth Korea's inflation is forecast to rise 3.2% in June, marking a second consecutive month above 3% and well above the central bank's target. Rising raw material costs and a weak won are fueling price pressures, strengthening the case for imminent interest rate hikes.
Read MoreU.S. spot Bitcoin ETFs faced massive outflows, with a net $1.79 billion withdrawn in the week ending June 26—the second-largest weekly exodus on record. This marks the seventh consecutive week of net outflows, signaling sustained selling pressure and shifting investor sentiment.
Read MoreCitigroup analysis suggests Apple's reported interest in CXMT's DRAM chips could transform the Chinese firm from a domestic alternative into a credible global player. This endorsement may solidify its position as the world's fourth-largest DRAM manufacturer and boost its entire supply chain.
Read MoreMomenta, a global physical AI leader, has launched its Hong Kong IPO aiming to raise ~HK$5.89B. Backed by 14 cornerstone investors including GIC and Fidelity, it has achieved >80% CAGR revenue growth over three years, with its R7 World Model enabling large-scale deployment in autonomous driving.
Read MoreSouth Korea's KOSPI index tumbled following reports of Samsung and SK Hynix's decade-long $1.3 trillion investment plan. While causing short-term volatility, analysts see long-term benefits for the semiconductor supply chain and related sectors like power equipment, highlighting the market's heavy reliance on chipmakers.
Read MoreCICC's latest report notes the AI investment theme is expanding from crowded core segments like semiconductors to upstream materials and infrastructure. As the AI trend strengthens, sectors like minor metals, electronic fabric, and optical fiber are gaining attention due to more attractive valuations, representing a style diffusion rather than a broad market shift.
Read MoreCICC research indicates South Korean stock market leverage has reached a historical peak of 2x-5x. While relative metrics aren't extreme, high leverage could amplify volatility and create liquidity pressure, with margin calls possible if markets fall 16-36%. Long-term trends remain fundamentals-dependent.
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