DeepSeek raises record $7.4 billion in first external funding round
Investors receive no voting rights and are subject to a five-year lockup period during which their holdings cannot be transferred.
Day: June 16, 2026
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Alibaba debuts Qwen-Robot suite to power foray into embodied AI
The models can be deployed independently or jointly, forming a unified base for robotic systems operating in real-world environments.
Cainiao denies breakup rumors as logistics titan expands global footprint
Far from scaling back, Cainiao has made international growth a central strategic priority in 2026.
Alipay launches AI-first app redesign with new assistant ‘Ah Bao’
Instead of searching for services manually, users can ask the assistant to perform tasks or surface the relevant service directly.
Leapmotor starts local assembly for C10 model in Malaysia
Leapmotor said the local assembly setup in Gurun will shorten delivery times, reduce supply chain costs, and improve competitiveness while better aligning the model with local demand.
Former Qwen chief Lin Junyang raises funds at $2 billion valuation
The startup’s focus is not on predicting the next word but on predicting what happens next in the physical world.
TransitX unveils lighter exoskeleton, open-sources gait system
The rollout comes as TransitX seeks to build what it calls a “physical AI ecosystem” centered on human movement intelligence.
Shanghai exports jump 11.5% as tech shipments power trade recovery
Electromechanical goods accounted for more than 70% of exports, while high-tech products recorded the fastest growth.