ByteDance Bets on Domestic Chips as Nvidia’s China Market Share Hits Zero
ByteDance is accelerating its transition away from American silicon, engaging in talks to purchase at least 50,000 AI chips from domestic supplier Daysci.
DAILY BRIEF · 10 STORIES
The June 19, 2026 brief
Geely’s Farizon and CaoCao Mobility Target 100,000 Robovans by 2030
The commercial vehicle sector is accelerating its embrace of autonomous technology, with Geely-owned Farizon New Energy Commercial Vehicle and CaoCao Mobility announcing a massive strategic partnership.
Tsinghua and China’s Financial Regulators Gather Over AI’s Threat to Finance
The intersection of artificial intelligence and systemic financial risk has become a critical priority for Beijing.
Taiwan’s DPP Plans to Tighten AI Chip Export Controls to China
The geopolitical friction surrounding semiconductor supply chains is intensifying, with Taiwan’s ruling Democratic Progressive Party (DPP) reportedly preparing to implement stricter export controls on artificial intelligence chips destined for mainland China.
Microsoft Has Built a Large Business Selling AI Models to Chinese Tech Giants
Despite the escalating technological rivalry between Washington and Beijing, Microsoft has quietly established a highly lucrative business selling advanced artificial intelligence models to some of China’s largest technology companies.
China’s 618 Festival Goes All-In on AI, But Shoppers Don’t Follow
China’s mid-year 618 shopping festival, traditionally a massive driver of e-commerce revenue, concluded with a stark contrast between technological sophistication and consumer reality.
China’s State Council Issues ‘Employment-First’ Plan Targeting AI Job Creation
The Chinese government has elevated employment to a macroeconomic priority, issuing a comprehensive strategy that explicitly links job creation to the country’s rapid advancement in artificial intelligence. The State Council’s new “employment-first” plan for the 2026–2030 period outlines a framework for managing the labor market transition as automation and AI technologies reshape the economy.
China Finalizes Network Data Security Risk Assessment Rules
Beijing has moved its data governance regime into a more procedural phase with the finalization of the Measures for Network Data Security Risk Assessment. Issued jointly by the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology (MIIT), and the Ministry of Public Security (MPS) as Order No.
WeRide and Uber Plan Commercial Robotaxi Launch in Zurich
Chinese autonomous driving leader WeRide and global ride-hailing giant Uber are expanding their European footprint, announcing plans to launch commercial robotaxi services in the Greater Zurich Region. The move marks the partners’ second joint deployment in Europe within weeks, following a similar announcement for Madrid, and represents their first foray into the Swiss market.
DeepSeek’s $7.4B Fundraise Comes With a Strict No-Poaching Clause
China’s most prominent artificial intelligence lab has set a hard boundary for its newest financial backers. DeepSeek has reportedly closed its first external funding round, raising $7.4 billion at a valuation exceeding $50 billion.