Industry Semiconductors26 JUN 2026

China's Big Fund becomes SMIC's third-largest shareholder after record Star Market deal

SMIC has completed the acquisition of a manufacturing subsidiary through a 40.6 billion yuan share issuance — the largest M&A transaction ever recorded on Shanghai's Star Market. The deal elevated China's state-backed semiconductor fund to SMIC's third-largest shareholder.

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Industry AI & Digital26 June 2026

DeepSeek announces hiring spree across 33 roles as it pursues AGI

DeepSeek has launched a major recruitment drive targeting at least 33 open positions across 7 hiring categories, with a stated goal of doubling the size of every department. The company is explicitly linking the expansion to its pursuit of artificial general intelligence.

Industry Mobility & EV26 June 2026

Li Auto equips new L8 model with self-developed battery, deepening break from CATL

Li Auto launched the all-new L8 extended-range hybrid on June 23 equipped with a self-developed, ultra-fast charging battery. The cells are designed in-house but manufactured by partner Sunwoda, with a joint venture between the two companies targeting mass production in 2026.

Industry AI & Digital26 June 2026

Keling AI raises at $15 billion valuation as rivals close in

Kuaishou's AI video unit is raising over $2 billion from potential lead investors including Tencent, Alibaba, and Sequoia — competitors who also build rival products.