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.

EU Council approved conclusions to strengthen relations with Western European countries outside the EU.

Bosera Fund manager Tang Yibing said the STAR Market is positioned as "hard tech", targeting high‑tech and strategic emerging companies that deliver national development objectives and breakthroughs in core technologies. He said A‑share Q1 corporate earnings overall beat expectations and, structurally, growth sectors led by the STAR Market are entering an acceleration phase. With China accelerating construction of a new power system, Tang said competition in the energy‑storage industry is likely to shift from single‑device contests to integrated capabilities—hardware, software and operations—and that digitalization in B2B energy‑storage applications offers broad commercial prospects.