Alibaba has completely banned Claude, requiring all employees to uninstall Anthropic-related products. Previously, on June 10, Anthropic alleged to the US Senate that between April 22 and June 5, Alibaba used approximately 25,000 fake accounts to conduct more than 28 million conversation interactions with Claude, which was characterized as an "industrial-scale model distillation attack."
BYD's goal: sales in 2030 will surpass Toyota
BYD held an annual shareholders' meeting in Shenzhen. Wang Chuanfu, the founder, chairman and president, launched a radical five-year growth target to nearly a thousand shareholders present: by 2030, BYD will surpass Toyota in terms of annual vehicle sales and become the world's largest automobile enterprise.
The Trump administration is offering $17.5 billion in low-cost loans to help finance the construction of 10 new Westinghouse AP1000 nuclear reactors across the U.S.
Trump has said: “There is no 300 Billion Dollar payment to Iran by the U.S. That’s Fake News! All there is for the U.S. is Success, Lower Oil Prices, and Victory. Check out the Stock Market. Dumocrat propaganda at play!!!"
BREAKING: The US has reportedly released the full 14-point memorandum with Iran, outlining an immediate ceasefire, safe commercial passage through the Strait of Hormuz, phased sanctions relief, access to frozen Iranian assets, a $300 billion reconstruction framework, limits on Iran's nuclear program under IAEA oversight, and a 60-day timeline to negotiate a final agreement backed by a binding UN Security Council resolution, per Reuters
Fed Chair Kevin Warsh said the Fed has both the commitment and capability to deliver 2% inflation, adding “That’s exactly what we will do.”
He also said inflation is primarily determined by monetary policy and reiterated that the Fed has dropped forward guidance.
#Huawei recently introduced what it calls “Tao’s Law” (韬定律), which Chinese state media have heavily promoted as yet another achievement surpassing the West. #JensenHuang, however, contends that while Tao’s Law represents a breakthrough for Huawei, TSMC was already deeply invested in the related technology a decade ago.
China’s financial-opening commitments under WTO accession (December 2001):
When China joined the World Trade Organization, it agreed to open banking, securities, and insurance to foreign players in stages over a multi-year transition:
•Banking (five-year transition, to end-2006): Foreign banks could conduct foreign-currency business immediately, with no geographic or client limits. Local-currency (RMB) business was phased in city by city — extended to Chinese enterprises within two years and to all clients, including individuals, within five years. All geographic and non-prudential restrictions were to be removed after five years.
•Securities: Foreign firms could trade B-shares directly upon accession. Foreign ownership in fund-management joint ventures was capped at 33%, rising to 49% within three years. Joint-venture securities firms were permitted within three years, with foreign stakes up to one-third, handling A-share underwriting as well as B-share, H-share, and bond business.
•Insurance: Non-life insurers could establish branches or joint ventures (foreign stake up to 51%) on accession, and wholly foreign-owned subsidiaries within two years. Life insurers were limited to joint ventures with foreign stakes capped at 50%. Geographic restrictions were to be lifted within three years.
Notably, these commitments opened China’s domestic market to foreign financial institutions — but they did not extend to allowing Chinese individuals to invest abroad. That remains governed by the country’s capital-control regime, which is why mainland residents still cannot directly trade U.S. stocks today.
$NVDA Nvidia CEO Jensen Huang has agreed to join the advisory board of Tsinghua University’s School of Economics and Management, according to people familiar with the matter cited by the Financial Times. The advisory board is currently chaired by Apple CEO Tim Cook.
Huang’s move comes just after he traveled to China as part of US President Donald Trump’s delegation. He has now accepted Tsinghua SEM’s invitation to join the board.
Founded in October 2000, the Tsinghua SEM advisory board currently has 65 members, including a number of US tech and finance heavyweights — among them Tesla’s Elon Musk, Dell’s Michael Dell, Microsoft’s Satya Nadella, Meta’s Mark Zuckerberg, JPMorgan’s Jamie Dimon, and BlackRock’s Larry Fink. The board typically meets once a year in Beijing.
China to Seize All Illicit Gains, Impose Severe Penalties on Tiger Brokers, Futu, Longbridge in Cross-Border Crackdown
BEIJING/HONG KONG, May 22 (TheFinanceX) China’s securities regulator on Friday announced it has filed formal cases against Tiger Brokers (NZ) Ltd., Futu Securities International (Hong Kong) Ltd., and Longbridge Securities (Hong Kong) Ltd., and intends to confiscate all illegal gains and impose severe administrative penalties — marking the sharpest escalation yet in Beijing’s multi-year campaign against unlicensed cross-border brokerages.
The China Securities Regulatory Commission (CSRC) said the three firms, none of which hold mainland licenses, solicited onshore investors and processed trading orders for Hong Kong and U.S. equities via their websites and apps, in violation of Article 120 of the Securities Law. The firms were also cited for illegal mutual fund distribution and futures brokerage.
In parallel, eight central agencies — including the CSRC, PBOC, MPS, SAMR and SAFE — jointly issued an implementation plan, approved by the State Council, setting a two-year window to fully phase out illegal cross-border operations by overseas brokers serving mainland clients.
Shares plunged on the news: UP Fintech (TIGR) dropped more than 44% and Futu Holdings (FUTU) fell over 31% intraday.
Existing legal channels — Stock Connect, QDII, and Wealth Management Connect — remain unaffected.
Shanghai, China — Matrix-3, the flagship full-size humanoid robot developed by Matrix Robotics , completed its first global live AI demonstration today, executing a continuous sequence of tasks including handing over fruit, tidying a desktop, playing rock-paper-scissors with humans, and conducting a dual-robot collaborative retail sale — marking a pivotal transition for embodied intelligence from “demo prototype” to “deployable productivity.”
Notably, founder Zhang Haixing previously served as head of Tesla’s China Design Center.
The battle for rare earths has escalated! It must be cleared within two weeks! Australia suddenly issued an expell order, cutting off the 27% control of the Communist Party of China on rare earths?
On May 18, 2026, many mainstream media reported that the Australian government once again intervened defensively against the infiltration of the Communist Party of China in key mineral fields.
The Australian Treasury Department issued the latest official statement restricting the six shareholders of Northern Minerals with Chinese and Hong Kong backgrounds to sell all their shares within two weeks.
These six shareholders (including the largest shareholder, Haohan Investment Group) jointly hold nearly 27% of the company's outstanding shares. Impacted by this geopolitical and economic event, the shares of this rare earth company with a market value of about 163 million US dollars have announced the suspension of trading on the Australian Stock Exchange.