Kusa Technology has announced the successful completion of a Pre-A funding round, securing tens of millions of yuan led by Jinshuihu Venture Capital, with additional participation from Rongxi Venture Capital and Wuxi Yuanqi. The freshly infused capital will primarily focus on bolstering R&D initiatives and accelerating market penetration for the company's innovative unmanned cleaning robots. Established in 2023, Kusa Technology has swiftly made its mark with the launch of two state-of-the-art unmanned cleaning robots, which have been effectively deployed across more than 20 regions nationwide. The company's proprietary embodied robotics technology architecture seamlessly integrates an AI-powered vision multi-modal perception system, enabling precise edge-hugging operations. Furthermore, its intelligent cloud control platform boasts a remarkable capability to slash operational costs by up to 50%. The core team at Kusa Technology comprises seasoned professionals from prestigious universities, each bringing profound technical expertise to the table. Investors have expressed strong optimism about the company's technological prowess and its immense commercialization potential within the unmanned environmental sanitation sector.

Honda has announced the successful completion of the maiden 300-meter vertical takeoff and landing test of its self-developed reusable rocket prototype. During this pioneering test, the rocket soared to a height of 271.4 meters and touched down with remarkable precision, deviating by just 37 centimeters. This significant milestone validates crucial technologies encompassing flight control, stability, and pinpoint landing accuracy. Born from the visionary aspirations of Honda engineers, this project leverages the company's deep technological expertise in combustion control and precise maneuvering. The ultimate goal is to attain near-Earth orbit flight capability by 2029. In the foreseeable future, this rocket could potentially be utilized for satellite launches, fostering synergies with Honda's existing services. Currently, the project remains in the active research and development phase, with commercial application plans yet to be delineated.

On June 18, 2025, Ouyi Semiconductor proudly announced the successful completion of its B3 funding round, raising hundreds of millions of RMB. Leading this round was the industrial fund of Sunny Optical Technology, with participation from Hefei High-Tech Investment and existing shareholder Taiji Huaqing Peicheng. As the pioneering domestic provider specializing in SoC chips and solutions tailored for the third-generation E/E architecture of smart vehicles, this latest injection of funds will undoubtedly fortify Ouyi's commanding position in this burgeoning sector. This marks the second funding round for Ouyi Semiconductor this year, following the successful B2 round.

On June 18, International Data Corporation (IDC) unveiled a report revealing that global shipments of smart glasses soared to 1.487 million units in the first quarter of 2025, reflecting an impressive 82.3% year-over-year growth. Notably, shipments of audio and audio recording glasses surged to 831,000 units, marking a remarkable 219.5% increase. Additionally, shipments of AR/VR smart glasses reached 656,000 units, representing an 18.1% year-over-year rise.

On June 18, the majority of treasury bond futures commenced trading with declines, notably the 30-year benchmark contract which fell by 0.03%. The 10-year benchmark contract also retreated by 0.02%, while the 5-year benchmark contract opened flat. In contrast, the 2-year benchmark contract bucked the trend, rising by 0.04%.

On June 18, the highly anticipated million-yuan flagship sedan, ZunJie S800, a collaborative effort between JAC Motors and Huawei, officially kicked off mass production at the state-of-the-art ZunJie Super Factory in Feixi, Hefei. Spanning approximately 1,500 acres, the factory boasts a planned annual production capacity of 200,000 vehicles and the integration of over 1,800 intelligent robots, embodying the pinnacle of automation and digitization across all production processes. The commencement of ZunJie S800 production signifies a significant escalation in the partnership between JAC Motors and Huawei.

Zhu Hexin, the Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange (SAFE), has unveiled plans to implement a set of ten facilitation policies within pilot free trade zones. These measures, aimed at fostering the strategic advancement of free trade pilot zones, encompass streamlining new international trade settlement processes and expanding the qualified foreign limited partner (QFLP) pilot program.

Zhu Hexin, the Vice Governor of the People's Bank of China, revealed during the 2025 Lujiazui Forum that a fresh batch of Qualified Domestic Institutional Investor (QDII) investment quotas will soon be made available. This move aims to cater to the legitimate overseas investment demands of domestic entities.

During the 2025 Lujiazui Forum, Chairman Wu Qing of the China Securities Regulatory Commission (CSRC) unveiled significant reforms for the STAR Market. Wu Qing announced the re-launch of the fifth set of listing standards, specifically tailored for unprofitable enterprises, and indicated that the scope of these standards would be expanded. Concurrently, a pilot program will be introduced to implement a system of senior professional institutional investors. Furthermore, the CSRC will implement a suite of 1+6 reform measures, encompassing the establishment of a science and technology innovation growth layer and a pilot initial public offering (IPO) pre-review system exclusively for high-quality technology enterprises. These comprehensive measures are designed to bolster the listing prospects and growth potential of high-quality technology companies.

The White House has announced that President Trump will sign an executive order this week, extending TikTok's operating window for a third time by an additional 90 days. This measure is intended to facilitate the completion of the ongoing transaction, enabling American users to maintain access to TikTok while ensuring the protection of their data security. Previously, Trump had already granted TikTok two extensions, first by 75 days in April and again in June.

Liu Qiangdong, CEO of JD.com, has stated that the company's international business will forgo the cross-border e-commerce model due to its unsustainable nature in the long term. He contends that this model adversely affects local employment and tax revenue, often focusing on low-priced goods that tarnish a country's image. Liu Qiangdong emphasized that "Made in China" once represented high quality but is now being undermined by some low-cost products impacting China's industrial reputation. He disclosed that JD.com's international strategy will instead prioritize promoting Chinese brands, with 1,000 already on board in the initial phase, aiming to introduce them to global markets within the next five years.

At the 2025 Lujiazui Forum, Wu Qing, the chairman of the China Securities Regulatory Commission (CSRC), unveiled a series of initiatives aimed at bolstering technological innovation through enhanced capital market mechanisms. Wu Qing announced that the CSRC will fortify the synergy between stocks and bonds, aiming to provide robust support for technological advancement. Specifically, the CSRC intends to vigorously develop science and technology innovation bonds, refining their issuance and trading systems for greater efficiency. Additionally, the CSRC plans to expedite the launch of Exchange Traded Funds (ETFs) focused on science and technology innovation bonds, while also offering support for financial instruments such as exchangeable bonds and convertible bonds.

Notably, Wu Qing confirmed that the CSRC has approved the registration of China's first two data center Real Estate Investment Trusts (REITs). This milestone underscores the Commission's commitment to facilitating financing avenues for technology enterprises, encouraging the utilization of novel assets like intellectual property and data assets. By doing so, the CSRC aims to further invigorate the asset base within the technological innovation sector, fostering a dynamic and capital-efficient environment for growth.

On June 18, Wu Qing, the Chairman of the China Securities Regulatory Commission, announced the official registration of the China Capital Market Society in Shanghai. The Society aims to bring together research talents from industry institutions, listed companies, universities, and government departments, fostering a premier think tank platform dedicated to capital market theoretical research, academic exchanges, and decision-making consultations.

The Cross-border Interbank Payment System (CIPS) Company has officially unveiled its International RMB Letter of Credit Service. This innovative offering is designed to streamline international trade for market entities, utilizing the Renminbi (RMB) as the settlement currency. The launch ceremony was attended by representatives from the overseas branches of the five major state-owned banks, several prominent foreign banks, and leading Chinese enterprises. The introduction of this service marks a significant milestone in enhancing bilateral RMB trade settlement between China and various regions globally.

Zotye Auto's vehicle manufacturing operations have come to a standstill amid a critical shortage of operational funds, plunging the company into severe financial and operational distress. If production fails to resume by 2025, Zotye Auto risks slipping into negative net asset territory and facing the prospect of delisting. Currently, the company is relying solely on overseas export orders to sustain its operations, but this has severely hindered new product research and development, as well as production capabilities. Zotye Auto is in active negotiations with China Zheshang Bank to secure the release of frozen funds, aiming to facilitate the resumption of production plans at its bases in Chongqing and Yongkang.

Adobe has unveiled the integration of its Firefly image and video generation technology into mobile devices, now accessible via apps on both iOS and Android platforms. Empowering users, the app allows for the creation of images and videos in real-time, facilitated by intuitive natural language inputs. Additionally, it incorporates advanced AI-powered editing tools, offering a seamless photo enhancement experience. A variety of AI models are supported within the app, with certain premium features accessible through a points-based unlocking system.

Li Yunze, the head of the China Financial Regulatory Administration, emphasized that China has consistently forged ahead in technological frontiers, emerging as a pivotal global hub for innovation. This attracts numerous international investors who are keenly optimistic about China's technological prowess. To further capitalize on this momentum, the Financial Regulatory Administration is vigorously promoting pilot projects encompassing equity investment in financial asset investment companies and mergers and acquisitions (M&A) loans tailored for technology enterprises. The objective is to pioneer innovative financing pathways tailored to the needs of the tech sector.

Wu Qing, Chairman of the China Securities Regulatory Commission, has declared that reforms will be intensified for both the STAR Market and the ChiNext board. This includes enhancing institutional inclusiveness and adaptability, and introducing a comprehensive '1+6' policy package. The objective of these measures is to refine market systems and product offerings, reinforce the STAR Market's role as a 'testbed' for innovation, propel advancements in investment and financing, safeguard investor rights and interests, and foster a robust capital market ecosystem that nurtures holistic innovation.

Tesla is poised to introduce Grok, its advanced in-car AI assistant, which boasts personalized customization options and a dedicated Kids Mode tailored for family use. It's crucial to highlight that Grok is currently compatible exclusively with models equipped with AMD chips and is not yet supported on older models featuring Intel chips. The rollout of Grok signifies a major leap forward for Tesla in the realm of intelligent driving, promising users an even more sophisticated and engaging driving experience.

On June 18, Wu Qing, Chairman of the China Securities Regulatory Commission, addressed the 2025 Lujiazui Forum, emphasizing that a fresh wave of technological revolution and industrial transformation is gathering pace. Global technological innovation has entered a period of intense and vigorous activity. This innovation is evolving from isolated breakthroughs to systematic integration, facilitating the transition from technological advancements to market applications, and heralding profound development opportunities across various domains, termed as "Deepseek".