8:15 Express | World Cup tickets face sluggish resale demand with nearly 180,000 tickets up for transfer; TSMC signals price hike; Dan Bin responds to being "blacklisted by Duan Yongping"

Today's Hotspot Guide

• Citi warns: Gold prices may fall to $3,500
• The South Korean stock market circuit - breaker tripped again
• He Xiaopeng sent an internal letter: I will personally lead the team for the final 200 - day sprint towards robot mass - production
• Iran announced the closure of the Strait of Hormuz to all ships
• SpaceX's subscription funds exceed $250 billion

Top 3 Big News

Tickets for the 2026 World Cup are unpopular, with nearly 180,000 tickets awaiting resale

On June 12th Beijing time, the opening match of the 2026 FIFA World Cup jointly hosted by the United States, Canada and Mexico will be held. Currently, there are 176,000 tickets listed for resale on FIFA's official resale platform, mainly for the group - stage matches. According to the price and inventory statistics based on the data from the FIFA platform, the popularity gap between different teams is very obvious. For example, in the three group - stage matches involving the Iranian team, there are still about 16,000 unsold tickets. The cheapest regular seats on the market are sold for $138 (equivalent to about 934 Chinese yuan). In the past month, the median price of tickets on the official resale platform has dropped by 20% in total. Media calculations show that considering the 26% service fee charged by the platform for resale transactions, most resellers may now be in a loss state. For FIFA, it would be very embarrassing if there are a large number of empty seats during the matches. Previously, the organization set the ticket prices for this World Cup much higher than those of previous editions, stating that this move is in line with the local market environment. (Caixin)

TSMC Sends Signals of Price Hike

Huang Renzhao, the Chief Financial Officer (CFO) of TSMC, recently said in an interview with the media that inflation is driving up the company's operating costs and that the possibility of raising chip prices is not ruled out. TSMC manufactures the most advanced chips designed by companies such as NVIDIA, AMD, and Apple. Therefore, any price increase measure may affect the cost of artificial intelligence infrastructure and, over time, may influence the prices customers pay when purchasing electronic devices. Although Huang Renzhao did not clearly state that prices will definitely be raised, he said, "Inflation has indeed led to an increase in (our) costs." However, Huang Renzhao also said that TSMC will not suddenly raise prices by "four or five times." (Caixin, Science and Technology Innovation Board Daily)

Dan Bin Responds to "Being Blocked by Duan Yongping": I've Always Respected Mr. Duan, and I Don't Know if He Blocked Me

On June 10th, a network article titled "The Grudge between Duan Yongping and Dan Bin" has been circulating in the investment circle recently. The article details the "interactive past" between well - known investor Duan Yongping and Dan Bin over the years, including plots such as "Duan Yongping's early comments on Dan Bin's fund - launching" and "Duan Yongping blocking Dan Bin". On the afternoon of June 10th, Dan Bin himself officially responded through social media, clearly denying several key statements in the article. Regarding the description of "Duan Yongping blocking Dan Bin" in the article, Dan Bin responded, "I've always had great respect for Duan Yongping. I don't know if he blocked me. I think it should be unfollowing. As for why he unfollowed, Mr. Duan has his own views, and I think it's okay. It's determined by personal character, just like I never block anyone. It's normal to have differences in investment judgments, and it's no big deal." He also hoped that the author would not fabricate facts out of thin air. It is understood that Dan Bin is the founder of Orient Harbor and a well - known domestic value - oriented private equity tycoon. He became famous for his long - term heavy investment in Kweichow Moutai. He is the author of the investment classic "The Rose of Time" and is often referred to as the "Chinese Warren Buffett". (Red Star News)

The Cutting - Edge of AI

Alibaba Cloud: Reduces the Price of Container Computing Service ACS Agent Sandbox

36Kr learned that Alibaba Cloud has issued a price cut notice for the container computing service ACS Agent Sandbox (default computing power quality). Starting at 12:00 on June 15, 2026, Beijing time, the price of this computing power will be reduced. This price cut adjustment only applies to ACS Agent Sandbox (default computing power quality). The prices of other computing powers, such as ACS General Type (default and best - effort computing power quality) and ACS Performance Type (default and best - effort computing power quality), remain unchanged.

Meta Collaborates with Reliance Group Under Ambani to Build an AI Data Center in India

Meta, the parent company of Facebook, said on Wednesday that it has reached a cooperation agreement with Reliance Industries Group under Indian billionaire Mukesh Ambani to jointly build an artificial intelligence data center in India. The statement said that Reliance Industries will build a data center with a capacity of 168 megawatts in Jamnagar, Gujarat. Meta will rent the center and retain the option to expand its capacity. (Sina Finance)

SpaceX Plans to Launch Space AI Infrastructure Demonstration in 2027

Media reported, citing two unnamed sources who attended investor presentations, that SpaceX executives said the company is planning to launch an initial demonstration of space-based artificial intelligence (AI) infrastructure by the end of 2027. At these two investor presentations, SpaceX outlined a roadmap to begin demonstrating orbital computing capabilities in 2027. Both President Gwynne Shotwell and Chief Financial Officer Bret Johnsen were present. SpaceX did not immediately respond to a request for comment. (Sina Finance)

Broadcom Joins Forces with Apollo and Blackstone to Establish AI XPV Platform, with Initial $35 Billion to Support Anthropic's Computing Power Expansion

On June 9th, Broadcom announced the establishment of the AI XPV platform in collaboration with Apollo and Blackstone's credit and insurance business. The three parties, as the initial anchor investors, aim to deploy over 20 gigawatts of computing power for cutting - edge AI labs such as Anthropic and OpenAI by 2028 through Broadcom's customized XPU and network solutions. In the first phase of the platform, Apollo takes the lead, and Blackstone jointly invests $35 billion to support Anthropic's previously announced expansion plan for over 1 gigawatt of computing power infrastructure. The relevant deployment is expected to be implemented at Fluidstack sites starting from mid - 2026. (Jiemian News)

Large Companies/ Major Events

ByteDance's AI drug discovery business initiates spin-off and financing, and AI4S enters the industrialization stage

36Kr exclusively learned that ByteDance's AI drug discovery business line has launched the process of spin-off and independent financing. It is understood that after the spin - off, ByteDance will still hold a controlling stake in the new company. The core team, core algorithms, technology platform, and existing pipeline assets of the AI drug discovery business will be integrated into the new entity. Meanwhile, this business will continue to receive computing power support from Volcengine. The new company will be led by ByteDance's AI drug discovery team.

It is reported that ByteDance's AI drug discovery team was established in 2021 and is led by Liu Kai. The core team consists of about 50 members, including AI4S algorithm experts and senior pharmaceutical experts. Since its establishment, this team has been undertaking the core functions from basic model research to industrialization.

People familiar with the matter revealed that the business spin - off is to establish an independent

organizational structure that better suits the characteristics of this business.

Hong Kong Overtakes Switzerland to Become the World's Largest Cross - border Wealth Management Center

The latest "Global Wealth Report 2026" released by Boston Consulting Group (BCG) shows that in 2025, the cross - border wealth bookkeeping scale in Hong Kong increased by 10.7% to $2.9 trillion, surpassing Switzerland for the first time and becoming the world's largest cross - border wealth management center. BCG also predicts that this trend will continue - by 2030, the cross - border wealth management scale in Hong Kong will grow at an annual rate of 9% to reach $4.6 trillion, remaining the global leader. Data also shows that in just a few years, the cross - border wealth management asset scale in Switzerland has nearly halved from $2.4 trillion in 2020 to $1.3 trillion in 2025. (21st Century Business Herald)

Weibo Responds to the Muting of Zhimi Technology CEO Yu Hao

The official Weibo account "Weibo Hero" posted a statement saying that after verification, the account @Yu Hao - Loving to Give Gold was complained about by a certain enterprise. As an internet celebrity account, it posted non - compliant content in the form of "shouting out" to question and belittle the enterprise. In violation of the requirements of the special campaign of the Cyberspace Administration of China, namely "Clear and Bright · Optimizing the Online Business Environment and Rectifying Malicious Hype of Enterprise - related Information", it has been ordered to be muted on multiple platforms. Please be aware of the reason and strengthen your ability to distinguish. Do not easily believe or spread false information. (Jiemian News)

Amazon and NVIDIA Enter the Race for Optical Fibers: After Storage, Optical Fibers Become the Most Scarce AI Hard Currency

According to a report by Yicai, following Meta and NVIDIA, Amazon has once again taken action to secure the core supply of optical fibers. The global AI computing power arms race is spreading from the computing power layer to the underlying physical transmission media. On the evening of June 8th, Amazon announced a long - term optical fiber purchase agreement worth billions of dollars with Corning, which will be used to connect its rapidly expanding data centers in the United States. The successive order - signing actions of overseas giants have ignited the enthusiasm of A - share funds. On June 9th, the optical fiber sector witnessed a wave of daily limit increases. TaiChenGuang and ChangXinBoChuang rose by 18.07% and 12.13% respectively, while stocks such as Yangtze Optical Fibre and Cable Joint Stock Limited Company, Hengtong Optic - Electric Co., Ltd., and Zhongtian Technology Co., Ltd. hit the daily limit. After storage, the AI wave has set off a boom in one electronic sub - sector after another. Now, optical fibers, regarded as the "blood vessels" of AI computing power, are entering a historic cycle. (Yicai)

Residents' supplementary tax payments on overseas income reached approximately 13 billion yuan in the first five months of this year

On June 10th, public information from the State Taxation Administration showed that tax authorities have continuously strengthened the guidance and regulation of high - income individuals' tax payments, which has had a certain effect on increasing personal income tax revenue. For example, by continuously strengthening the publicity, guidance, and policy counseling regarding the overseas income of resident individuals, the compliance of taxpayers with overseas income has significantly improved. From January to May, taxpayers cumulatively paid approximately 13 billion yuan in supplementary taxes. Another example is the continuous strengthening of tax supervision in the entertainment and online anchor sectors. Through big data, tax - related issues of practitioners are promptly discovered and corrected, further enhancing taxpayers' awareness of compliance and tax payment compliance. As of the end of May, more than 160 million people completed the annual tax settlement declaration, and more than 110 million people handled tax refunds. (Yicai Global, Jiemian News)

South Korean Stock Market Circuit-Breaker Triggered Again

On the afternoon of June 10th, the South Korean Composite Stock Price Index (KOSPI) suddenly tumbled, and the decline continued to widen. As of press time, the index had fallen by more than 6%. The Korea Exchange activated the circuit-breaker mechanism and suspended program trading on the KOSPI. In addition, the Nikkei 225 index fell by more than 2%. Among popular stocks, SK Hynix fell by more than 9%, and Samsung Electronics fell by more than 7%. (Securities Times)

Citi Warns: Gold Price May Drop to $3,500

The decline of gold has exceeded market expectations. In the early morning of June 10th, the spot gold price broke through the $4,200 mark, hitting a low of $4,172.64 per ounce, the lowest level since March 23rd. As of 15:20, the spot gold price dropped 1.4% intraday to $4,199.57 per ounce, erasing all of this year's gains and currently down more than 2% cumulatively. The price of domestic gold jewelry has also plunged. On June 10th, the price of domestic gold jewelry has fallen below 1,300 yuan per gram, a decline of more than 400 yuan per gram compared with the peak of 1,713 yuan per gram on January 29th. (21st Century Business Herald)

Asics Plans to Spin Off Its Onitsuka Tiger Business

Japanese sportswear manufacturer Asics announced on June 10 that it will transfer its brand Onitsuka Tiger to its wholly-owned subsidiary, OT GROUP. The effective date is tentatively set for January 1, 2027. Meanwhile, Asics has decided to spin off the Onitsuka Tiger business from its regional operating companies and restructure them as subsidiaries of OT GROUP. (Jiemian News)

Hong Kong Announces a 2% Pay Raise for All Civil Servants

On June 9, Yeung Ho Pui-yan, the Secretary for the Civil Service of the Hong Kong Special Administrative Region (HKSAR) government, said at a press conference that Li Jiachao, the Chief Executive of the HKSAR, together with the Executive Council, discussed the civil service pay adjustment at the meeting on the same day. It was decided to propose to the civil service staff sides a uniform 2% upward pay adjustment for all civil servants in Hong Kong for the 2026 - 2027 financial year, with the effective date backdated to April 1, 2026. (Reported by Nanfang Daily)

SpaceX and xAI, companies under Elon Musk, are sued for disturbing residents, and more than 10,000 people file a class - action lawsuit

Residents in Mississippi, the United States, recently sued the Space Exploration Technologies Corporation (SpaceX) and its newly merged xAI, both under the American entrepreneur Elon Musk, in court. The reason is that a power plant operated by the defendants to supply power to the data center continuously emits noise, which has greatly troubled the residents. Court documents released on June 9 show that three residents in Mississippi, representing more than 10,000 people, filed a class - action lawsuit in a federal court in the state. They accused the two companies of failing to take measures to contain the excessive and continuous noise from the power plant. This not only caused mental harm to the residents but also led to losses such as the depreciation of property values. The plaintiffs demanded compensation from the companies. (Xinhua News Agency)

He Xiaopeng Sends Internal Letter: Personally Leading the Charge for the Final 200-Day Sprint to Robot Mass Production

He Xiaopeng sent an internal letter announcing that he will personally take charge of the robot business. In the internal letter, He Xiaopeng said that the current stage of Xiaopeng's humanoid robot is particularly critical, which is equivalent to the stage when Xiaopeng Motors was about to launch its first car, the G3, eight years ago. It is now on the verge of mass production and delivery. According to He Xiaopeng's plan: In the fourth quarter of 2026, Xiaopeng will achieve mass production of humanoid robots; in the first quarter of 2027, Xiaopeng will introduce humanoid robots to offline stores for sales guidance; in the second quarter of 2027, humanoid robots will be launched in overseas markets; in 2028, robots will start to enter more families. (Yicai Global)

Iran Announces Closure of the Strait of Hormuz to All Ships

Early on the morning of June 11 local time, the Khatam al-Anbiya Central Headquarters of the Iranian Armed Forces issued a statement saying that, in view of the unstable security situation in the region, the Strait of Hormuz will be closed to all types of ships, including oil tankers and merchant ships, as of now. Any ship attempting to pass through the strait will be attacked. (CCTV News)

Starbucks Reportedly Considering Options for Its Japanese Business, Including Selling Stake and IPO

According to several people familiar with the matter, Starbucks is considering options for its Japanese business, including selling a stake. Previously, the company had sold a majority stake in its Chinese business. The people said the U.S. coffee chain giant has held preliminary consultations with investment banks to help determine how to handle its Japanese business. The people declined to be named as the discussions are not public. Japan is one of Starbucks' largest markets, with about 2,100 stores, most of which are directly operated by Starbucks. Some of the people said the valuation of a stake sale could be between 400 billion and 500 billion yen and could attract interest from other industry players and private equity firms. They said an IPO of the Japanese business is also an option. The people added that the considerations are still in the preliminary stage and no final decision has been made. (Sina Finance)

South Korea's IT giant Kakao's labor union launches a partial strike for the first time in its history

It is reported that the labor union of South Korea's IT giant Kakao launched its first partial strike in the company's history on June 10. Those participating in the strike include Kakao's headquarters and four subsidiaries, namely Kakao Pay, Kakao Enterprise, Dk Techin, and XLGAMES. The labor union said that more than 1,500 employees participated in the strike, including about 1,000 employees from the headquarters. It is understood that there is a disagreement between the labor and management of Kakao regarding the performance bonus distribution criteria. The labor side demands that the management use 13 - 14% of the operating profit as performance bonuses and not include restricted stock units (RSU) in the performance bonuses. The management argues that the labor's relevant demands will impose a burden on the company's operations. (Jiemian News)

WeChat Launches Search Function for Moments

Tencent's official WeChat account "WeChat Moment" released an article officially announcing the search function for Moments. Click "Me - Moments", then the search entry in the upper - right corner, and enter keywords to accurately find the Moments you've posted before. (Jiemian News)

Samsung Considers Building a New Advanced Chip Packaging Factory to Meet Global Chip Demand

Samsung Electronics is considering building an advanced semiconductor packaging factory in Gwangju, South Korea, to meet global chip demand. Samsung is expanding its layout in the HBM market to strengthen its position in the AI chip supply chain. It is expected that Samsung will announce its investment plan at a meeting between the South Korean president and the heads of business groups on June 29. (Caixin)

The year-on-year increase in the US CPI in May "exceeded 4%", and the probability of the Fed raising interest rates within the year has increased

Data released by the US Department of Labor on the 10th showed that driven by rising energy prices, the US consumer price index (CPI) rose 4.2% year-on-year in May, hitting a new high since May 2023. After excluding food and energy prices, the core CPI in the US rose 2.9% year-on-year in May.

Analysts believe that the non - farm payrolls data far higher than expected last Friday has dispelled the market's expectation of an interest rate cut. The "FedWatch Tool" of the CME Group shows that the expected probability of the Fed raising interest rates by 25 basis points within the year has risen to about 43%, and there is a possibility of a cumulative 50 - basis - point interest rate hike within the year. (CCTV Finance)

Hong Kong Securities and Futures Commission: Licensed companies in Hong Kong can continue to provide services to existing mainland Chinese clients, but not within the Chinese mainland

On June 10, the Hong Kong Securities and Futures Commission further interpreted the circular issued on May 22. Question (9) in the circular mentioned that licensed companies in Hong Kong can continue to open new accounts for investors from the Chinese mainland (i.e., investors using Chinese resident identity cards and/or Chinese passports as identification documents), but they must comply with all account - opening regulations. The Hong Kong Securities and Futures Commission stated that licensed companies in Hong Kong can continue to provide services to existing Chinese mainland clients, provided that the services are not provided within the Chinese mainland and they have complied with all relevant laws and regulatory requirements in Hong Kong and applicable jurisdictions. The Hong Kong Securities and Futures Commission also said that it has noted the notice jointly issued by the Chinese mainland authorities on May 22, 2026, and its relevant requirements also apply to the relevant activities of financial institutions from other jurisdictions (i.e., not limited to Hong Kong) when providing services to Chinese mainland investors. (Jiemian News)

As the World Cup is approaching, beer stocks are rising collectively

As the World Cup is approaching, beer stocks in the A-share market rose collectively on the 10th. As of the midday close, Huiquan Beer hit the daily limit, Pearl River Beer and Yanjing Beer rose by more than 5%, and Chongqing Beer rose by more than 2%. BOC Securities said that from the perspective of the fundamentals of the sector, in the second and third quarters of 2025, affected by the restrictions on on-premise consumption scenarios and the weak demand side, the volume and price of beer showed a marginal decline. Against the backdrop of a low base, combined with the catalysis of high - temperature weather and the World Cup, the revenue growth rate of the industry's financial statements in the second and third quarters of 2026 is expected to be repaired and improved. (Yicai Global)

Samsung and SK Hynix Reportedly Set to Announce Investment Plans in South Korea

It is reported that Samsung Electronics and SK Hynix are in the final review stage of investment plans in various regions of South Korea and may announce them as early as this month. The two chipmakers may expand facility investments in the southwest and central parts of South Korea. The related investments may include packaging facilities, and there are also speculations that semiconductor wafer fabs may be built. (Caixin)

Zhang Xue Responds to Whether Zhang Xue Motorcycle Has a Listing Plan: Let Nature Take Its Course

During the Round - table Conference on the High - quality Development of the Chinese Motorcycle Industry, Zhang Xue, the chairman of Zhang Xue Motorcycle Co., Ltd., had a dialogue with the media. When asked about the relevant plans for Zhang Xue Motorcycle to enter the capital market, Zhang Xue said, "Let nature take its course." (Sina Finance)

The three major U.S. stock indexes closed down collectively, and Tesla fell more than 3%

36Kr learned that at the close on June 10, the three major U.S. stock indexes fell collectively. The Dow Jones Industrial Average fell 1.87%, the Nasdaq Composite fell 1.98%, and the S&P 500 Index fell 1.62%. Most large technology stocks declined, with Arm falling more than 5%, NVIDIA and Tesla falling more than 3%, Amazon, Meta, and Google falling more than 2%, and Microsoft falling more than 1%. Apple and Netflix rose slightly. Popular Chinese concept stocks showed mixed performance. NetEase rose more than 3%, Bilibili rose more than 2%, Tencent Music rose more than 1%, and Weibo rose slightly. XPeng Group fell more than 4%, Alibaba fell more than 3%, Li Auto fell more than 2%, NIO fell more than 1%, and JD.com and iQiyi fell nearly 1%.

Going Public

SpaceX's subscription funds exceed $250 billion

On June 9th, Eastern Time, according to sources, Elon Musk's SpaceX has attracted subscription demands of over $250 billion, far exceeding the $75 billion the company planned to raise. This will make it the largest IPO in history. The sources said that the over - subscription rate of SpaceX's financing this time has reached three to four times the planned issuance scale. Bankers and investors believe that this is a sign of strong investor demand for SpaceX. On the afternoon of June 11th, SpaceX is expected to announce the IPO pricing, and investor demand may still change before then.

SK Hynix to List in the US as Early as August

It has been revealed that SK Hynix plans to list in the US as early as August. The South Korean memory chip giant hopes to seize the strong demand for artificial intelligence-related stocks and expand its investor base. One of the sources said that the U.S. Securities and Exchange Commission (SEC) is likely to approve SK Hynix's application for listing American Depositary Receipts (ADRs) in the week of June 22. (Sina Finance)

Xinyisheng: Plans to Issue H-Shares and List on the Hong Kong Stock Exchange

36Kr learned that Xinyisheng announced that the 14th meeting of the 5th board of directors of the company reviewed and approved the proposal to issue H-share stocks and list on the main board of the Hong Kong Stock Exchange. This move aims to enhance the company's capital strength and comprehensive competitiveness and improve its international influence. This matter still needs to be submitted to the shareholders' meeting for review, and it also needs to be filed with the China Securities Regulatory Commission and approved by the Hong Kong Stock Exchange and the Hong Kong Securities and Futures Commission, so there are uncertainties.

Investment and Financing

"Batai Medical" Completes Nearly 200 Million Yuan in Series D Financing

36Kr learned that recently, "Batai Medical" announced the completion of nearly 200 million yuan in Series D financing. This round of financing was led by Creation Capital, with the "4+1" Biomedical and High - end Equipment Industry Fund of Zhejiang Province, Yifeng Capital, Zhongyiren Capital, and individual industrial investors participating as co - investors. The existing shareholder, Junxingjian Capital, continued to increase its investment, and Qifeng Capital provided financing support. This round of financing will be mainly used for the commercial promotion and clinical evidence accumulation of Batai Medical's third - generation constrained drug - coated balloons, the construction of a new - generation intelligent production base, and the R & D of subsequent vascular intervention innovative products.

Cool Products

Wireless chips break through the heat dissipation bottleneck after embedding single-crystal diamond

The research team at the Massachusetts Institute of Technology in the United States embedded a layer of ultra-thin single-crystal diamond into gallium nitride chips, breaking through the heat dissipation bottleneck of high-power wireless chips and fabricating a wireless power amplifier with record-breaking performance. This provides a new chip-level thermal management solution for high-power electronic devices such as 6G communication and satellite Internet. The relevant results were presented at the 2026 IEEE International Microwave Symposium. Silicon is currently the basic material for the vast majority of chips, but its power-carrying capacity has natural limitations and it is difficult to meet the performance and energy efficiency requirements of future high-speed wireless communications. In contrast, gallium nitride has a higher power density and operating frequency and is regarded as an important candidate material for 6G communication, high-power radar, and satellite communication. (Science and Technology Daily)

Compiled | Wang Yixuan