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Kaiyue Motorcycles said on its official WeChat account on June 6 that recent online allegations — that its funding chain has broken and it faces imminent bankruptcy; that it repeatedly sought rescue from Zhang Xue; that sales plunged about 30% prompt

2026-06-06

Kaiyue Motorcycles said on its official WeChat account on June 6 that recent online allegations — that its funding chain has broken and it faces imminent bankruptcy; that it repeatedly sought rescue from Zhang Xue; that sales plunged about 30% prompting Chairman Yan Kai to seek Zhang's help; and that the company absorbed Zhang Xue’s 36% stake — are fabricated and malicious. The company said the claims are baseless, have damaged its brand and Chairman Yan's reputation, harmed vehicle owners and dealers, and disrupted normal market order.

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2026-06-06

Shanghai Shipping Exchange weekly report: China export container market momentum continued to improve this week as ocean-route freight rates rose, driving the composite index higher. The National Bureau of Statistics said China’s composite PMI rose t

Shanghai Shipping Exchange weekly report: China export container market momentum continued to improve this week as ocean-route freight rates rose, driving the composite index higher. The National Bureau of Statistics said China’s composite PMI rose to 50.5 in May, with non-manufacturing returning above the 50 expansion threshold, signaling overall mild expansion in business activity. On June 5 the Shanghai export container composite freight index stood at 2,726.48, up 6.0% from the prior week.
2026-06-06

U.S. reporting on June 6 cited three people with knowledge saying senior U.S. officials have held preliminary talks with large U.S. AI companies about the government taking equity stakes. Sources said Sam Altman, CEO of OpenAI, has regularly discusse

U.S. reporting on June 6 cited three people with knowledge saying senior U.S. officials have held preliminary talks with large U.S. AI companies about the government taking equity stakes. Sources said Sam Altman, CEO of OpenAI, has regularly discussed the idea with senior officials since President Trump's second term began; he first raised the concept to Trump in early 2025 and has recently revisited it as a way to broaden public distribution of AI-related economic gains. Discussions have centered on firms voluntarily transferring shares to the government, with investment returns that could be used for public purposes; the proposal is still being developed and specifics remain undecided.
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