Krypton Evening News | Japan may sell US Treasuries to fund record yen forex intervention; Yu Hao issues internal memo: Remain fully committed to developing the real industry in the future

Large companies:

The first closing reaches 1.5 billion yuan. Inno Angel Fund's third-phase Inno Science and Technology Fund continues to focus on early-stage technology investment

36Kr learned that on June 5th, Inno Angel Fund announced that its third-phase Inno Science and Technology Fund completed its first closing, with a scale of 1.5 billion yuan. This fund focuses on early-stage technology investment, with a key layout in the fields of cutting-edge technology and artificial intelligence.

Bitcoin "Vault" Companies' Market Value Evaporates by $62 Billion

Bitcoin dropped about 14% this week, approaching a four - month low. As the entire cryptocurrency market slumped, the stocks of digital asset "vault - type" companies also continued to decline, with many of them falling far more than the cryptocurrencies they hold. Data from Artemis shows that the fully diluted total market value of these Bitcoin vault companies has dropped from a recent peak of nearly $134 billion in early October last year to about $72 billion, a reduction of $62 billion. Tokenize Capital, a managing partner at Tokenize Capital, said: "As prices fall, digital asset vault companies are facing a tough choice: default on their debts or sell their assets. Forced selling has shattered the expectation that they would continue to act as 'buy - and - hold' investors." (Caixin)

Yu Hao Issues Internal Message: Will Continue to Focus on the Real Economy in the Future

On the afternoon of June 5th, Yu Hao, the founder of Dreame Technology, sent a message in the company's internal group, stating that in the future, he will continue to focus on the real economy, adhere to technological innovation, and tackle the most difficult markets globally. (Jiemian)

AutoNavi Maps Establishes a New Company in Hangzhou

36Kr learned that Tianyancha App shows that recently, Hangzhou Gaoxing Lansun Intelligent Technology Co., Ltd. was established. The legal representative is Liu Shupeng, and the registered capital is 8 million RMB. The business scope includes software development, software sales, basic software development for artificial intelligence, automobile sales, etc. Shareholder information shows that the company is wholly owned by Beijing Litong Chuxing Technology Co., Ltd., a subsidiary of AutoNavi Software Co., Ltd.

Investment and Financing:

Shanghai Mecanoo Smart Intelligence Establishes Lingji Yidong Company # Registered Capital: 100 million

36Kr learned that Tianyancha App shows that recently, Lingji Yidong (Shanghai) Technology Co., Ltd. was established. The legal representative is Zhou Junlin, with a registered capital of 100 million RMB. Its business scope includes the manufacturing of electronic components and electromechanical component equipment, the sales of artificial intelligence hardware, the development of artificial intelligence application software, software development, etc. Shareholder information shows that the company is jointly held by Shanghai Mecanoo and Zhejiang Lingqiao Smart Technology Co., Ltd.

New Products:

Tencent Cloud Launches WorkBuddy Enterprise Edition

36Kr learned that on June 5th, Tencent Cloud held an AI industry application conference in Beijing. Tencent officially launched the WorkBuddy Enterprise Edition (WorkBuddy Enterprise) and the Office Intelligence Agent Suite. The WorkBuddy Enterprise Edition and the Office Intelligence Agent Suite are the industry's first set of "AI-native organizational evolution solutions." As an enterprise AI intelligent workbench, the WorkBuddy Enterprise Edition provides three core capabilities: 7×24 expert digital employees, a "team" mode that supports human-AI collaboration, and an enterprise-level management backend.

Other Noteworthy News:

Japan May Sell U.S. Treasuries to Fund Record-Scale Yen Intervention in the Foreign Exchange Market

Japan may have used its foreign securities holdings, including U.S. Treasuries, to finance its record foreign exchange market intervention in the past month. This move may draw the attention of the U.S. side. According to the reserve data released by Japan's Ministry of Finance on Friday, as of the end of May, Japan's foreign securities holdings decreased by $75.6 billion compared to April. This decline is roughly equivalent to the amount of Japan's recent intervention in the market to support the yen. Japan's Ministry of Finance confirmed last week that as of May 28th, the funds used for foreign exchange market intervention in that month reached a record 11.73 trillion yen ($73.4 billion). (Sina Finance)