Tuesday, June 16, 2026
The first external round, at a $50 billion valuation, locks in CEO Liang Wenfeng's control and solidifies the startup's role as Beijing's designated leader in the global AI race.
CNNC has begun mass-producing ultra-pure silicon-28, breaking a foreign monopoly on a material critical for error-resistant quantum chips and advancing China’s push for self-reliant quantum computing.
Chinese memory chip leader CXMT and Alibaba Group have formed a 3.91 billion yuan ($577 million) long-term investment fund to accelerate semiconductor innovation as Beijing counters Washington's technology curbs.
China's Zhejiang University has surpassed Harvard University to claim the top spot in the Nature Index 2026 Research Leaders rankings, ending Harvard's decade-long dominance.
Between 2021 and 2025, Chinese universities revoked or suspended 12,200 undergraduate programs while adding 10,200 new ones, a net reduction of 2,000 programs.
Washington forces Anthropic to disable Claude Fable 5 globally; Beijing's Zhipu open-sources GLM-5.2, turning containment into an accelerant for Chinese self-reliance.
South Carolina convience store owner Rick Chow was found not guilty of murder for the 2023 shooting of an African American teen, Cyrus Carmack-Belton....
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