According to the Financial Times, DeepSeek is considering a new funding round about one month after closing its first funding round.

Orient Jincheng said renewed US–Iran hostilities, firmer Fed rate‑hike expectations and a weakening tech narrative have accelerated sector rotation and heightened trading volatility; convertibles are likely to follow underlying equities and remain under pressure, so short‑term allocations should emphasize defensive characteristics. Structurally, large‑cap, steady‑earnings sectors should outperform amid risk‑off flows, and recent inflows into convertible ETFs tilted to big‑cap issues will accentuate that relative strength. Faster issuance is expanding listings at the margin and supports new‑issue valuations, making primary deals an important source of incremental yield. With underlying stocks under strain, short‑dated convertibles may offer opportunistic trades tied to potential downward conversion‑price adjustments.

Kuaishou said that, following directives from the National Radio and Television Administration and the Beijing Radio and Television Bureau, it has intensified micro-drama review and education and recently intercepted, rectified or removed more than 700 non-compliant micro-dramas, including animated titles, and dealt with a batch of violating accounts. Measures target lowbrow or vulgar titles and content, material harmful to minors, glamorization of distorted romantic relationships, promotion of extreme violence, and in children's micro-dramas, adultification, materialism and lowbrow or extreme plotlines.