Zhipu AI has filed for a Hong Kong IPO carrying net losses of RMB 4.718 billion against revenue of just RMB 724 million, while DeepSeek closed a USD 7.5 billion Series A round on June 16, its first-ever external funding round.
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Nvidia and AMD are adopting diamond-based cooling as AI chips push past thermal limits traditional materials cannot handle. Diamond conducts heat at 2,000–2,200 W/(m·K) — thirteen times better than silicon — and China controls 95% of global synthetic diamond production.
BMW is said to be withdrawing the i3, i5, and iX1 from its China lineup simultaneously in July , ending production of all three models built on combustion-derived platforms. The exit is framed as preparation for the Neue Klasse era, BMW's forthcoming purpose-built battery-electric architecture.
Saudi Arabia has signed housing and urban development agreements worth 1.9 billion riyals (approximately US$507 million) with Chinese partners, including state-owned China State Construction Engineering.