Zhipu AI is considering a multibillion-dollar secondary share sale in Hong Kong, looking to capitalize on a stock rally that has pushed its market capitalization to a record HK$1 trillion, roughly $128 billion, in under six months, Bloomberg reported on June 24.
Xiaomi has introduced HarnessX, a novel AI agent framework that allows models to rewrite their own scaffolding mid-task, the structural rules and decision-making architecture that guide how an agent approaches a problem, VentureBeat reported.
VanEck has launched the VanEck China Semiconductor ETF, trading on Nasdaq under the ticker SMHC, providing investors a dedicated vehicle for exposure to China’s state-backed semiconductor build-out, according to a press release and reporting by Benzinga.
Qualcomm used its Investor Day 2026 in New York City to announce a sweeping pivot into data center AI infrastructure, unveiling a new CPU, an AI accelerator roadmap, and the acquisition of AI software startup Modular, all while revealing Meta as its first major hyperscaler customer, according to ServeTheHome and CNBC.
The Netherlands has officially joined the Pax Silica alliance, a coalition of nations coordinating semiconductor export controls and supply chain security policy, according to IO+.
Morgan Stanley has sharply raised its outlook for China’s humanoid robotics market for the second time this year, doubling its shipment forecast to 50,000 units for 2026, according to The Next Web and the South China Morning Post.
Chinese Premier Li Qiang warned at the opening plenary of the Annual Meeting of the New Champions 2026, commonly known as Summer Davos, that the world risks “losing control” of frontier technologies such as artificial intelligence if governments are too slow to regulate them, AFP and the Hong Kong Free Press reported.
Eli Lilly has expanded its relationship with Abbisko Therapeutics, committing up to $1.9 billion to leverage the Shanghai-based biotech’s drug discovery and early development capabilities, built on a multi-dimensional platform integrating computational chemistry, cancer genomics, and translational science, across multiple undisclosed targets, Fierce Biotech reported.
China’s National Data Administration has unveiled a long-term plan to build data infrastructure for artificial intelligence development, calling for the construction of sector-specific databases across 19 industries and five innovation areas.
China’s Ministry of Commerce has issued Announcement No. 26, establishing a formal whistleblower program to enforce export controls on strategic mineral-related dual-use items, Reuters and Geopolitechs reported.
According to reporting by Reuters and The Next Web, Anthropic has formally accused Alibaba of orchestrating the largest known AI distillation campaign ever mounted against a US technology company.
