China's Ministry of Commerce and seven other ministries, including the Central Cyberspace Affairs Commission Office, the National Development and Reform Commission and the Ministry of Industry and Information Technology, jointly issued "Implementation Opinions on Accelerating the Development of AI+Consumption," Sinocism reported. The guideline sets out 17 measures across five areas, including AI powered robots for elderly care and household assistance, smart wearables, AI integrated e-commerce and "AI+Consumption" experience centers. Local governments are authorized to subsidize next generation smart terminals under the consumer goods trade-in policy framework. The rollout extends Beijing's broader "AI+" initiative from industry into the consumer economy. It gives the Cyberspace Administration of China and sector regulators a fresh policy hook for product level AI rules, content review and registration regimes as agenticAI agentAn AI system that carries out multi-step tasks on its own, such as browsing, writing code or making purchases, rather than answering a single prompt. Agents raise new questions about liability, security and oversight because they act rather than just advise. and embodied systems move into Chinese households.
Read at Sinocism ↗
China's Ministry of Commerce on June 22 added 10 U.S. entities to its export control list under China's Export Control Law and Regulations on the Export Control of Dual-Use Items, Caixin reported. The targets include MP Materials and USA Rare Earth, the two domestic rare earth producers Washington has backed to reduce reliance on China, along with drone and robotics makers Red Cat Holdings, Teal Drones and Jaia Robotics. Chinese exporters are barred from shipping dual-use items to those entities, any party worldwide is prohibited from transferring China-origin dual-use goods to them, and ongoing exports must stop immediately. MOFCOM said the action responds to Washington's recent expansion of the Section 1260H list of Chinese military companies, with the new additions spanning defense, aerospace, robotics, rare earths and drones. Exporters facing genuine necessity must apply to MOFCOM for case-by-case approval. The retaliation uses the same dual-use legal framework Beijing has built out for AI chip, model and software export licensing, and squeezes rare earth and drone component flows that feed U.S. AI-enabled autonomous systems.
Read at Caixin ↗ • Read at MOFCOM ↗
Zhipu AI's Hong Kong shares jumped more than 13% on June 22 to push market capitalization above HK$1 trillion ($130 billion), up roughly 1,900% since its IPO less than six months ago, Pandaily reported. AIPD's June 18 edition covered the prior milestone when shares lifted the cap past HK$930 billion ($120 billion) alongside the open source GLM-5.2 release. Zhipu's 2025 annual report showed 724 million yuan ($110 million) in revenue against a 4.7 billion yuan ($690 million) net loss, with only about 4% of shares freely tradable and a July 8 lockup expiration covering roughly 25.7 million shares. GLM-5.2 ranks in the top two of the Code Arena blind benchmark and recently topped the Design Arena leaderboard, with the Coding Plan subscription selling out daily quotas within seconds. The HK$1 trillion crossing coincides with Hang Seng Tech Index inclusion effective June 8 and tightened U.S. frontier model export controls.
Read at Pandaily ↗
Chinese GPU maker Moore Threads reported 1.505 billion yuan ($220 million) in 2025 revenue, up 243% year over year, with Q1 2026 revenue continuing the trajectory, Pandaily reported. The company credited the surge to rising Chinese AI demand and U.S. export restrictions on advanced GPUs, which opened a substitution window for domestic alternatives. Commercial deployment of the flagship MTT S5000 GPU and the KUAE 10,000-card intelligent computing cluster expanded revenue, with a 660 million yuan ($98 million) cluster contract signed in March 2026. Moore Threads has achieved Day-0 adaptation for DeepSeek V4 and major Chinese open source modelsOpen-weight modelAn AI model whose trained parameters are published so anyone can download, run and modify it, as opposed to one reachable only through the developer's API. The main policy tension is that open weights spread capability widely and cannot be recalled once released., with its MUSA developer ecosystem now exceeding 450,000 users. The growth bolsters Beijing's domestic AI computeComputeThe processing power used to train and run AI models, usually measured in chips, GPU-hours or FLOPs. Because it is expensive, physical and concentrated in a few suppliers, compute is the main lever governments pull to shape who can build frontier AI. base under U.S. Commerce Department export controls and gives Chinese AI developers a substitute for sanctioned U.S. accelerators in training and inferenceInferenceRunning a trained AI model to answer a query, as distinct from training it. Inference is where most ongoing compute and energy demand now sits, and it is what chip export rules increasingly target alongside training. workloads.
Read at Pandaily ↗
Yangtze Memory Technologies Corporation's global NAND flash share climbed from 8% a year ago to 13% in Q1 2026, TechNode reported, citing Counterpoint Research. YMTC is now the fastest growing player in global NAND, with Q1 2026 revenue of $2.6 billion up nearly 445% year over year and three consecutive quarters of double-digit growth. Samsung still leads at 29% and SK Hynix follows at 18%, with YMTC ranked fourth, but Korean industry insiders said the pace of the Chinese catch-up has exceeded expectations and is directly threatening Samsung and SK Hynix positions. The trajectory tightens Beijing's grip on a key piece of the AI server stack even as U.S. export controls continue to constrain China's access to advanced logic chips.
Read at TechNode ↗