At 8:00, Kr 36: Tencent's stock price soared, hitting the highest single-day increase since 2021; It is estimated that about 110 billion yuan will be allocated for child-rearing subsidies this year; NVIDIA and Microsoft cooperate to launch a unified technology stack.
Today's Hot News Guide
- Doubao's paid version is for complex tasks, with pricing benchmarked against ChatGPT
- Jensen Huang, CEO of NVIDIA: The Vera CPU will be more popular than GPUs and will become the company's new major growth driver
- The fuel surcharge for domestic flights in China will be reduced
- There are spelling mistakes on the labels. Luckin's customer service says customers can get a refund if they encounter "HeeloKitty".
- The Maldives will restrict teenagers under 16 from accessing some social media platforms
Top 3 News
Tencent's Stock Price Soars: Sets Single - Day Highest Increase Record Since January 2021
On the afternoon of June 2nd, Hong Kong's Hang Seng Tech Index once rose more than 4%. Among the constituent stocks of the Hang Seng Tech Index, Meituan and Tencent Holdings rose nearly 9%, and Alibaba rose nearly 6%. Tencent Holdings' stock price continued to oscillate upwards in the afternoon. As of 13:12, Tencent Holdings' stock price was reported at HK$474.4 per share, with a gain of 8.81%, and the total market value was HK$4.33 trillion. Tencent Holdings (00700.HK) made a strong pull - up, surging 10.46% at the close, reported at HK$481.6, setting a single - day highest increase record since January 2021, and the market value soared to HK$4.39 trillion.
It's worth noting that before this round of sharp rise, Tencent's stock price had experienced a downturn for as long as 8 months. After hitting a stage high of HK$677.7 in October 2025, the company's stock price oscillated downward. After multiple rounds of adjustments, it reached an annual low of HK$420.4 on May 28th, 2026, with the maximum drawdown in the range approaching 38%. After entering May, Tencent's stock price has been fluctuating in a narrow range between HK$420 and HK$470. The market showed signs of weak rebound and a slow downward shift of the center of gravity. The phased trading volume continued to shrink, and the overall market risk - aversion sentiment was strong. On June 1st, Wang Xing, the CEO of Meituan, introduced in a post - earnings conference call that the cooperation between Meituan's AI assistant "Xiaomei" and Tencent's Yuanbao will be launched in the near future. At that time, users can directly input their requests in "Yuanbao" and use local life services such as food delivery through "Xiaomei" to complete one - stop transactions. (Jiemian News, Hongxing News)
It is estimated that a total of about 110 billion yuan in childcare subsidies will be arranged in China this year
To implement the decisions and arrangements of the Party Central Committee and the State Council, the Ministry of Finance recently allocated 99.9 billion yuan in childcare subsidy funds for 2026, a year-on-year increase of 10.6%, to support local governments in providing childcare subsidies to eligible infants and young children. It is estimated that a total of about 110 billion yuan in subsidy funds will be arranged by governments at all levels throughout the year. Currently, the distribution of childcare subsidies for 2026 is proceeding smoothly and in an orderly manner. According to relevant management regulations, health and family planning departments at all levels are responsible for the organization and implementation of the review and distribution of childcare subsidies. In principle, at least one batch should be distributed centrally every quarter; applications approved in the previous quarter should be distributed by the end of the current quarter. (CCTV News)
NVIDIA and Microsoft Collaborate: Launch Unified Technology Stack for Deploying Agentic AI
At the Microsoft Build Developer Conference, NVIDIA and Microsoft reached a cooperation and launched a unified technology stack for deploying Agentic AI, covering the entire scenario from Windows devices to the cloud and then to the local. (Sina Finance)
The Cutting - Edge of AI
Microsoft Launches First AI Inference Model Mai-Thinking-1
The person in charge of Microsoft's AI said that Mai-Thinking-1 is the first inference model launched by Microsoft's artificial intelligence. This model has 35 billion active parameters. (Caixin)
Tencent Cloud: Lowering the prices of the DeepSeek-V4 series models, with a maximum reduction of 97.5%
36Kr learned that Tencent Cloud announced that to continuously reduce the usage costs for users, Tencent Cloud's intelligent agent development platform will lower the prices of the DeepSeek-V4 series models at 00:00 on June 3, 2026, Beijing time, with a maximum reduction of up to 97.5%. This adjustment only involves price changes, and the model service capabilities remain unchanged.
The IPO review status of Unitree Technology has been changed to "Submission for Registration"
According to the official website of the Shanghai Stock Exchange, on June 2nd, the review status of the Science and Technology Innovation Board IPO of Unitree Technology Co., Ltd. was changed to "Submission for Registration". (Yicai)
Doubao to Charge for Services or Focus on Complex Tasks, Pricing Anchored to ChatGPT
On June 2nd, Doubao, the large - model under ByteDance, is expected to officially launch paid content in late June.
Previously, a service statement for the paid version once appeared on the Doubao App Store page. At that time, Doubao's official response was: "Doubao always provides free services. On the basis of free services, Doubao is also exploring the launch of more value - added services to meet the different needs of different users. The details of the relevant plan are currently in the testing phase, and complete information will be released through official channels when it is officially launched."
According to sources close to Doubao, the paid function will mainly focus on complex tasks and productivity scenarios, such as PPT generation, data analysis, and film and television production.
Industry insiders pointed out that Doubao's pricing is anchored to ChatGPT. The charge for the standard version (about $9.9) is in a similar range to ChatGPT Go/Plus ($8 - $20), while the professional version (about $73) is roughly at the intersection of the Pro version and the consumption level of the Chinese market. (The Paper, TechWeb)
Gu Quanquan, a core member of AI4S under ByteDance Seed, will leave the company
Gu Quanquan, a core member of the AI4S (Seed - AI for Science) team under ByteDance Seed, which focuses on the field of scientific intelligence, officially announced on the X platform that he will leave the company.
It is reported that Gu Quanquan joined ByteDance Seed in 2023. He said that since joining ByteDance, he has been leading the AI work for drug discovery. The team has achieved the following results: SeedFold, SeedProteo, and the DPLM series of protein language models, as well as several other AI for Science (AI - driven scientific research) projects.
Gu Quanquan obtained his bachelor's degree in automation from Tsinghua University in 2007 and his master's degree in control science and engineering in 2010. He received his doctorate in computer science from the University of Illinois at Urbana - Champaign in 2014. (Caixin)
Large Companies/Important Events
All three major U.S. stock indexes closed higher, while most large technology stocks declined
36Kr learned that at the close on June 2nd, all three major U.S. stock indexes rose. The Dow Jones Industrial Average rose 0.45%, the Nasdaq Composite rose 0.03%, and the S&P 500 Index rose 0.13%. Most large technology stocks declined. Microsoft fell more than 4%, Google fell more than 3%, Netflix fell more than 2%, Amazon and Intel fell more than 1%, and Nvidia and Meta declined slightly. Apple rose more than 2%, and Tesla rose more than 1%. Most popular Chinese concept stocks rose. 36Kr rose more than 7%, Li Auto rose more than 6%, Alibaba and XPeng Group rose more than 4%, JD.com and Baidu rose more than 3%, Bilibili, NetEase, and Pinduoduo rose more than 1%. Tiger Brokers and iQiyi fell more than 3%, and Zhihu fell more than 2%.
Tiger Brokers: Starting from June 12, new opening and additional position trading for existing accounts in mainland China will be suspended
Tiger Brokers issued a notice stating that in order to implement the industry regulatory requirements during the two - year intensive rectification period and promote the standardized development of cross - border securities business, Tiger Brokers will make corresponding adjustments to the services for existing investors' accounts in mainland China. Starting from June 12, 2026, regarding onshore trading services, new opening and additional position trading for all types of products such as stocks will be suspended, and only selling and closing positions will be supported. Regarding onshore fund transfer services, fund transfers into accounts will be suspended, while the transfer - out function will remain normal to fully ensure the safety of customers' funds.
Tiger Brokers said that this adjustment will not affect the services provided to existing investors overseas, nor will it affect the safety of all customers' existing assets. Customers can still normally query their accounts, hold and sell their existing positions. (Securities Times)
NVIDIA CEO Jensen Huang: Vera CPU will be more popular than GPU and will become the company's new major growth driver
NVIDIA CEO Jensen Huang said at NVIDIA's media briefing at the Taipei Computex conference on Tuesday that there are indeed some limitations in chip supply, which remains a concerning issue. "We have secured the supply for the strong growth of all these systems," Huang said. "We have enough supply to achieve very strong growth, but there are still supply limitations." Huang also said that the company's Vera CPU will be more popular than its GPU because the Vera CPU plays a crucial role in processing information. "The Vera CPU will become our new major growth driver." (Caixin)
Ningji to Take Over Häagen-Dazs Stores in Mainland China
On June 2nd, Beijing time, General Mills announced that it has reached a definitive agreement with an investor group to license its Häagen-Dazs store business in mainland China to the investor group, which includes Ningji. As part of the agreement, the transferee will obtain an exclusive license from General Mills to use the Häagen-Dazs brand exclusively in its ice cream stores and gift business in mainland China. General Mills will continue to own and operate Häagen-Dazs' retail and foodservice businesses in China.
This means that Ningji will take over Häagen-Dazs stores in mainland China. The proposed transaction is expected to be completed within the calendar year 2026. According to data provided by Euromonitor International, in 2025, among Chinese ice cream limited-service restaurant brands ranked by foodservice transaction volume, Häagen-Dazs ranked third, behind Mr. Wildman and DQ. (China News Service)
NVIDIA's Spectrum-X Ethernet silicon photonics technology is now in full mass production, with a 5-fold improvement in network energy efficiency compared to traditional transceivers
NVIDIA announced that its NVIDIA Spectrum-X Ethernet silicon photonics technology is now in full mass production. The new-generation Spectrum-X switches are built on co-packaged optics (CPO) technology, supporting the NVIDIA Vera Rubin platform for horizontal expansion and cross-regional deployment of AI factories in data centers. The Spectrum-X Ethernet silicon photonics technology is one of the exemplary representatives of NVIDIA's full-stack collaborative design. Compared with networks using traditional transceivers, the Spectrum-X Ethernet silicon photonics technology can achieve a 5-fold improvement in energy efficiency, a 5-fold increase in AI uptime, and a 1.3-fold faster deployment time. (Caixin)
Fuel surcharges for domestic flights in China will be reduced
It is learned from airlines such as Air China that the fuel surcharges for tickets of domestic flights in China sold from 0:00 on June 5th will be reduced. The specific standards are as follows: For flights of 800 kilometers (inclusive) or less, the fuel surcharge per segment is 80 yuan; for flights over 800 kilometers, the fuel surcharge per segment is 150 yuan. Infant passengers are exempt from fuel surcharges. For children, disabled revolutionary servicemen, and police officers disabled on duty, the fuel surcharge for their tickets is halved. It is reported that compared with the current fuel surcharge standards, the fuel surcharge for flights of 800 kilometers (inclusive) or less will be reduced by 10 yuan, and that for flights over 800 kilometers will be reduced by 20 yuan. (Xinhua News Agency)
Adidas Releases "Going to the City on Business" T-shirts, Customer Service Responds
Recently, the product description "Going to the City on Business" for an Adidas jacket unexpectedly went viral. This expression was originally a description of urban commuting outfits, but the translation led to semantic misunderstandings, and then the term quickly spread on social platforms.
In the face of the online heated discussion, the official Adidas account took advantage of the trend and played along with the meme. It not only posted a message saying "These are suitable to wear when going to the city on business", but also released "Going to the City on Business" T-shirts on its official video platform account. Many netizens in the comment section urged the products to be put on sale.
On June 2nd, reporters from LanJing News asked customer service representatives on various Adidas platforms, and they all said that the styles posted by the official account have not been put on sale yet. Customers can follow the stores for future updates. (LanJing News)
There is a spelling error on the label. Luckin Coffee customer service says customers can get a refund if they encounter "HeeloKitty"
On June 1st, netizens from many places posted on social platforms, saying that in the co-branded peripherals of Luckin Coffee's "Children's Day Special" with Hello Kitty, there were spelling errors on the labels of some plush keychains. The classic logo "HELLO KITTY" was misprinted as "HEELO KITTY" (i.e., the "L" was misprinted as an "E").
The official customer service of Luckin Coffee told reporters that they had received a notice that there was indeed a problem with a batch of goods. "Consumers can provide the mobile phone number used for the order, and we will contact the store where the order was placed to help replace it with a new one. If the store is out of stock, consumers can directly apply for a full refund of the order." (China News Service)
Li-Ning Brand Reaches Long-Term Cooperation with Curry Brand
36Kr learned that Li-Ning Brand officially announced a long-term cooperation with Stephen Curry and Curry Brand. Based on brand co-construction, the two parties will focus on the development of multi-category professional sports equipment, the promotion of sports culture, and the connection with the new generation of young sports enthusiasts, jointly exploring more possibilities for the global development of Li-Ning Brand and Curry Brand.
Resale Platforms Feature Posts for Pop Mart Zongzi Purchasing on Behalf
On June 2nd, Pop Mart's official account posted details of its Zongzi gift boxes on social media, sparking heated discussions among netizens. According to the official introduction, the Zongzi gift boxes are divided into sweet Zongzi gift boxes and savory Zongzi gift boxes, priced at 158 yuan and 168 yuan respectively. Each order is limited to 4 boxes, and the quantity is limited daily, with sales ending once the stock is sold out.
A staff member at the Pop Mart Theme Park told reporters that the Zongzi gift boxes are officially on sale. Visitors to the park can purchase them while visiting, and those not coming to the park can buy them at designated stores. A reporter from Lanjing News noticed that there are already multiple posts selling Pop Mart Zongzi on resale platforms, with a price increase of 30 yuan to 50 yuan per box. (Lanjing News)
The EU plans to introduce new regulations to restrict large US technology companies from participating in strategic project tenders
According to a report on June 1st, relevant documents show that the EU plans to introduce strict access standards for cloud computing services in key government public procurement projects. This move may exclude three major US technology companies, Amazon, Microsoft and Google, from relevant projects. It is reported that this proposal is part of the European Commission's "Cloud Computing and Artificial Intelligence Development Act". Henna Virkkunen, the EU Commissioner for Digital Affairs, will officially announce the content of the proposal and supporting policies on June 3rd. It is reported that the core goal of this proposal is to reduce the EU's dependence on US technology products and support the development of local enterprises. (CCTV News)
Yushu has produced approximately 11,000 units of a single model of humanoid robots in total
36Kr learned that according to Yushu Technology, Yushu has produced approximately 11,000 units of a single model of humanoid robots in total.
Blue Origin Rocket Launch Pad Restoration May Last Until 2028
NASA Administrator Isaacman said on June 1st that the restoration work of the launch facilities damaged in the explosion of Blue Origin's "New Glenn" heavy - lift launch vehicle may last until 2028. On May 28th, the "New Glenn" heavy - lift launch vehicle exploded during an engine ignition test at the Cape Canaveral Space Force Station in Florida. Blue Origin later confirmed that there was an "abnormal situation" during the test, and the accident caused no casualties. (Xinhua News Agency)
Traffic Management Bureau of the Public Security Ministry Speaks Out on P-Photos of Seat Belts in Variety Show
According to the Traffic Management Bureau of the Ministry of Public Security, recently, after a variety show was aired, sharp-eyed netizens noticed that many guests did not actually wear seat belts when riding in the car. Instead, the production team added them through post - production technology, and the traces of P - photos were quite obvious. The Traffic Management Bureau of the Ministry of Public Security reminds: Safety is not about putting on a show for others, and there is no room for self - deception in safety! The Road Traffic Law of China clearly stipulates that "when a motor vehicle is in motion, the driver and passengers shall use seat belts as required." For a considerable number of fans and audiences, the exemplary role of stars and variety shows cannot be underestimated. They should strictly set an example in issues involving public interests and public safety, strictly abide by laws and regulations, and strictly hold the safety bottom line. (Beijing Daily)
Maldives to Restrict Access to Some Social Media Platforms for Teenagers Under 16
On June 1st local time, Maldivian President Muizzu announced at a press conference that the government has decided to restrict teenagers under 16 from accessing certain social media platforms. The regulation will be fully implemented within a year. The Maldivian government stated that this move aims to safeguard the well - being of children and community safety. Currently, the Maldivian government is very concerned about the spread of content such as online grooming and cyberbullying targeting teenagers. (CCTV News)
Doubao Company has registered the trademark "Doubao Teacher"
36Kr learned that Tianyancha App shows that Beijing Chuntian Zhiyun Technology Co., Ltd., an affiliated company of Doubao, was established in July 2023. The legal representative is Yan Lin, and the registered capital is 1 million RMB. Its business scope includes computer system services, data processing services, software development, etc. It is wholly owned by Beijing Douyin Information Service Co., Ltd. Intellectual property information shows that the company has successfully registered multiple trademarks such as "Doubao Teacher", "Doubao Input Method", and "Doubao Light Service", and the international classifications involve communication services, advertising sales, etc.
Multiple Indian Airlines Drastically Cut Flights Amid Fuel Price Hike
Due to the rising cost of aviation fuel and weak travel demand, Air India, IndiGo, and Air India Express have decided to significantly cut domestic flights starting from the 1st. Previously, these airlines had already reduced some international flights. According to Indian media reports, this flight cut arrangement is expected to last until August, which falls during the peak summer travel season. The reduction in flights may further drive up ticket prices and cause inconvenience to passengers. Under the plan, Air India will reduce about 22% of its domestic flights, its subsidiary Air India Express will cut nearly 10%, and IndiGo will reduce about 5% to 7%. In total, the three airlines will reduce about 250 flights per day. (Caixin)
Trump Reduces Import Tariffs on Agricultural Equipment from 25% to 15%
The White House issued a statement saying that US President Donald Trump signed a proclamation adjusting tariffs on certain metals. The action also expands the existing category of industrial equipment subject to a 15% tariff to mobile industrial equipment, such as bulldozers and forklifts, but only if they are imported from countries with trade agreements that provide such treatment. (Sina Finance)
Industry insiders: Apple is considering using LG Display's new panel technology
LG Display is developing a thin-film transistor (TFT) backplane technology called high-mobility oxide (HMO), which will be applied to the sixth-generation small and medium-sized OLEDs. Since Apple is considering HMO as a candidate material for the next-generation low-power backplane to replace low-temperature polycrystalline oxide (LTPO) TFTs, LG Display has begun to verify this technology. South Korean industry insiders speculate that LG Display's HMO technology may be mainly applied to OLED displays used in devices such as Apple Watch. In addition, Apple does not prefer exclusive supply but rather a dual-channel or triple-channel supply strategy. (Caixin)
Coca-Cola is considering listing its bottling business in India
Coca-Cola said on Monday that it is considering an initial public offering (IPO) in India for its largest bottler in the country, Hindustan Coca-Cola Beverages. (Sina Finance)
Listing in progress
SpaceX Plans to Set IPO Terms as Early as Wednesday
According to people familiar with the matter, SpaceX plans to set the terms for its initial public offering (IPO) as early as Wednesday afternoon. The aforementioned people familiar with the matter revealed that the rocket launch, satellite, and artificial intelligence company founded by Elon Musk will disclose its price range and the number of shares it plans to issue in an updated filing. The company can officially start the IPO market promotion 15 days after the filing is made public. Setting the terms the night before the roadshow begins will give investors more time to evaluate the valuation, especially considering that SpaceX plans to conduct a relatively short roadshow and may set the price as early as June 11. (Sina Finance)
PT Merdeka Gold Resources Tbk - S Passed the Listing Hearing of the Hong Kong Stock Exchange
36Kr learned that according to the documents of the Hong Kong Stock Exchange, PT Merdeka Gold Resources Tbk - S updated its post - hearing information package, which means the company has passed the hearing for its IPO on the Hong Kong Stock Exchange.
Financial Reports of Large Companies
Tiger Brokers: Q1 Revenue Reaches $155 Million, a 26.3% Year-on-Year Increase
36Kr learned that Tiger Brokers released its unaudited financial data for the first quarter of 2026. During the period, the company achieved a revenue of $155 million, a 26.3% year-on-year increase; the company's operating profit was $47.55 million, a 17.5% year-on-year increase.
Cool Products
Jensen Huang: N2X and N3X are under development
On June 1st, NVIDIA released the brand - new super chip RTX Spark (N1X) for PCs, marking the company's official entry into the Windows PC main processor market. Jensen Huang said at a media meeting on the 2nd that N1X is a long - term platform architecture. In addition to N1X, both N2X and N3X are in the R & D process. Meanwhile, a smaller N1 chip will also be launched to continuously enrich the product matrix and optimize the AIPC usage experience based on a complete software ecosystem. (Caixin Press)
Investment and Financing
"Huarong Science and Technology Innovation" Completes Over 100 Million Yuan Series A Financing
36Kr learned that recently, "Huarong Science and Technology Innovation" announced the completion of a Series A financing of over 100 million yuan. This round of financing was led by Proxima Centauri Investment, and HaoYue Capital served as the exclusive financial advisor for this transaction. This round of financing is the group's first - round financing. In the future, it will continue to focus on cutting - edge technology R & D, deepen the integration of industry, academia, and research and the transformation of innovation achievements, and accelerate the expansion of overseas markets to contribute to the high - quality development of the medical industry.
Compiled | Xujia Tong