Express News | Tencent Cloud: Price Reductions for MiniMax-M3 and Hy-MT2-Pro Models

BreakingsJun 12 17:14

Dialogue on the Global Influence of Chinese Enterprises to Open Soon; Over 20 Corporate Representatives Visit Xuhui's AI Hub

On the eve of the '2026 Dialogue on the Global Impact of Chinese Enterprises,' a field research tour focusing on the artificial intelligence industry was conducted in Xuhui District, Shanghai, under the theme 'Xuhui’s Leading Industries: A Thematic Route Exploring the Artificial Intelligence Cluster along Xuhui West Bund.' The sites visited included Hunban Tech's Moshu Space Embodied Workshop, Shanghai Telecom's Moshu AI Computing Zone, ZPilot AI's Black Tech Experience Store, and the 45th floor of West Bund Zhita in Xuhui Riverside.

cls.cnJun 12 23:11

Bernstein: China's large models will become the 'best value proposition' in the global market

Bernstein believes that Chinese AI labs are capturing the consumer, SME, and emerging markets segments thanks to a significant cost advantage. Even without entering the U.S. market, Chinese models could still cover approximately 35%–40% of the global AI market (USD 320–350 billion). As AI becomes increasingly cost-sensitive, Chinese models—being 'good enough and cheaper'—are poised to become the biggest beneficiaries.

wallstreetcnJun 12 21:23

Internet giants have raised nearly RMB 100 billion in offshore bond financing over the past year to fund their massive AI expenditures.

① On June 11, Tencent announced the successful issuance of RMB 15 billion in dim sum bonds with maturities of 10 to 30 years, marking the largest single dim sum bond offering this year. ② Bonds issued overseas by internet giants typically feature longer tenors, generally ranging from 5 to 10 years, better aligning with the investment and payback cycles in the AI sector.

cls.cnJun 12 20:11

Selected HKEX Announcements | Sales of Guangzhou R&F Properties Declined by Over 20% Year-on-Year in May; Dafeng Equipment Reported Revenue of Nearly RMB 600 Million in the Previous Fiscal Year

① Country Garden’s sales in May declined by more than 20% year-on-year; how has its overall performance been this year? ② Dafeng Equipment reported revenue of nearly RMB 600 million in the last fiscal year; what was its year-on-year growth rate?

cls.cnJun 12 20:19

Zhitoong HK Connect Active Trading | June 12

Stock Connect Active Trading | June 12, 2026

Zhitong FinanceJun 12 19:00