China · Business
Same event, multiple sources, transparently cited.
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Alibaba bids $1.5 billion to acquire Chinese grocery delivery firm Pupu
Alibaba offers $1.5 billion to acquire Chinese grocery delivery company Pupu, surpassing rival bids amid industry consolidation.
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Taiwanese Financial Groups Post Record Profits in First Five Months of 2026
Taiwan’s Shin Kong, E.SUN, and Fubon financial groups reported record-high profits for January–May 2026 despite recent market volatility.
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Hong Kong proposes tax exemption on fund managers' performance fees to attract asset managers
Hong Kong government plans a bill to exempt alternative asset managers from taxes on carried interest, effective retroactively from April 2025.
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SpaceX’s $75 Billion IPO Spurs Chinese Space Startups Despite Technology Gap
SpaceX raised $75 billion in a record Nasdaq IPO on June 12, prompting seven Chinese space firms to pursue IPOs amid tech challenges.
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Beijing penalizes Hong Kong brokers in crackdown on cross-border investments
Beijing punished three Hong Kong online brokers for enabling unlicensed mainland Chinese trading, threatening HK$250 billion in assets.
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International gold prices fall over 20% in 91 days, fastest bear market since 2008
Gold prices dropped more than 22% year-to-date, entering a bear market 91 days after peaking in March 2026 amid Fed rate hike fears and a stronger dollar.
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Beijing summons major Chinese e-commerce platforms over misleading ads before 618 festival
Beijing authorities summoned JD.com, Pinduoduo, Taobao, Douyin, and RedNote over misleading advertising ahead of the 618 shopping festival on June 11.
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Alibaba and JD.com shares fall sharply after Beijing warns on misleading price promotions
Shares of Alibaba and JD.com dropped sharply in Hong Kong after Beijing regulators reprimanded them over false price-cut promotions during the 618 shopping festival.
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Hong Kong arrests six in $20-25 million counterfeit 2026 World Cup merchandise bust
Hong Kong customs arrested six people and seized about 230,000 fake 2026 FIFA World Cup items valued at HK$156 million.
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China taps commercial crude reserves to offset Iran war supply shocks
China began drawing down commercial crude oil stockpiles in May to counter supply disruptions from the Iran war and Strait of Hormuz closure.
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China’s Workers’ Daily calls for stronger labor protections amid rising AI use
China’s state-run Workers’ Daily urged government action to protect labor rights as AI adoption threatens 70 million jobs.
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Indian Banks Raise Foreign Currency Deposit Rates to Attract Overseas Capital
Indian banks have increased foreign-currency deposit rates to draw capital from non-resident investors amid RBI policy easing.
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Chinese firms quietly cut jobs as AI tools replace roles across industries
Since March 2026, Chinese companies have reduced contract staff and cut new graduate hiring while adopting AI automation tools like OpenClaw[s1,s2,s4].
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US Companies Face Ongoing Mineral Supply Challenges from China Due to Export Controls
US firms continue to struggle accessing critical minerals from China amid export restrictions and delays that began in April 2025.
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South Korea fines Coupang $409 million for massive data breach and misleading ads
South Korea's Personal Information Protection Commission fined Coupang a record $409 million for a major data breach affecting 37.5 million users and illegal data collection.
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Databricks in talks for new fundraising round at $165 billion to $175 billion valuation
Databricks is negotiating a fundraising round set to start next month, targeting a valuation above $165 billion.
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Hon Hai reports record May revenue of NT$859.4 billion driven by AI server demand
Hon Hai Precision Industry posted May 2026 revenue of NT$859.4 billion, a 39.57% year-on-year rise fueled by AI server and rack sales.
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US Chip Stocks Surge After Geopolitical Easing and AI Demand Boost
US chip stocks rallied after President Trump canceled Iran airstrikes and AI memory demand lifted shares including Micron and Intel.
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SoftBank's $6 Billion Margin Loan Backed by OpenAI Stake Faces Stall
SoftBank's talks to raise $6 billion margin loan backed by its OpenAI stake have stalled amid earlier funding cuts and lender hesitation.
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China’s BYD aims to become world’s largest carmaker within five years
BYD plans to overtake Toyota as the top automaker by scale within five years, investing heavily in electric vehicle infrastructure and production expansion.
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South Korea launches joint inspections of major FX banks amid won slump
South Korea’s central bank and Financial Supervisory Service began joint inspections of major FX banks to probe trading destabilising the Korean won on June 10, 2026.
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China's producer prices surge 3.9% in May as consumer inflation stalls at 1.2%
China's producer price index rose 3.9% year-on-year in May 2026 while consumer inflation held steady at 1.2%, driven by energy costs and weak pork prices.
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Japan's Producer Price Index Soars 6.3% in May, Highest Since March 2023
Japan's Producer Price Index rose 6.3% year-on-year in May 2026, driven by energy, chemicals, and metal price surges.
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Starbucks explores stake sale and IPO for Japan unit valued up to $3.7 billion
Starbucks is considering a stake sale or IPO for its Japan business, which has about 2,100 stores, as preliminary talks with banks take place.