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DeepSeek's first-round financing may have been finalized, with founder Liang Wenfeng personally investing about 20 bln yuan as the largest single backer; Tencent about 10 bln yuan; the CATL ecosystem (including CATL and Puquan Capital) about 5 bln yu

2026-06-16

DeepSeek's first-round financing may have been finalized, with founder Liang Wenfeng personally investing about 20 bln yuan as the largest single backer; Tencent about 10 bln yuan; the CATL ecosystem (including CATL and Puquan Capital) about 5 bln yuan; NetEase, JD, Monolith Lisi Capital and IDG about 3 bln yuan each; Zhengxin Valley Investment and Shixiang Technology about 1.5 bln yuan each.

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2026-06-16

International oil prices continued to slide; Brent crude slipped below $81/bbl, down 2.31% intraday, while WTI fell below $79/bbl, down 2.94% intraday.

International oil prices continued to slide; Brent crude slipped below $81/bbl, down 2.31% intraday, while WTI fell below $79/bbl, down 2.94% intraday.
2026-06-16

China's industrial output of enterprises above designated size rose 4.5% YoY in May, versus 4.3% expected and 4.1% in April.

China's industrial output of enterprises above designated size rose 4.5% YoY in May, versus 4.3% expected and 4.1% in April.
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