Ant Group completed a board reshuffle, appointing three new independent directors: Bai Chong'en, dean of Tsinghua University School of Economics and Management; He Xiaopeng, chairman and CEO of XPeng Motors; and Zeng Shunfu, former CEO of Deloitte China. Former HKEX chair Shi Meilun and AI scholar Zhang Hongjiang remain on the board. The board stays at nine members, with independent directors exceeding 50%, a move the group says strengthens governance.

2026 Summer Davos will be held in Dalian. TCL founder and chairman Li Dongsheng, invited for the ninth time, will attend the opening plenary, the official "Rebuilding Supply Chains" main forum and the premier’s roundtable with business leaders. The forum, themed "scalable innovation", will convene 1,700+ global leaders to discuss geopolitics, technology deployment and energy transition. As last session’s co-chair Li articulated a "Globalization 3.0" framework aimed at reducing fragmentation and supporting global growth. Separately, TCL Industrial’s "Pan-Intelligent Screen Smart Compute Cabinet" project was named a World Economic Forum "AI Application Star"; its in-house AI 3D packing technology has sharply raised efficiency and saves tens of millions of yuan annually, cited as a benchmark for resilient infrastructure and supply chains.

South Korea presidential office policy chief Kim Yong-beom warned semiconductor profits from the AI boom could flow into the property market. He said semiconductor margin gains have pushed nominal growth to its fastest in over 20 years, while benefits remain uneven: Q1 real GDP rose 3.8% and real gross domestic income climbed 13.2%, indicating chip-price-driven purchasing power has outpaced output. Kim said most of the income gain has yet to circulate broadly but could appear in coming quarters via bonuses, wage increases and repatriated export earnings, potentially supporting luxury spending and housing demand. He warned that historically such excess liquidity has often ended up in real estate and it is hard to assume this cycle will be different.