Stories from Beijing · China

AI company DeepSeek is reportedly seeking to raise $7.4 billion at a valuation of up to $59 billion. This follows a period of market movement for various cryptocurrencies.

China approved the world's first invasive brain chip on June 1st. This technology aims to interface directly with the human brain. The provided transcript does not contain new information regarding China's approval of a brain chip.

The second episode of the ninth season of the animated series Rick and Morty has been reviewed. The show is trending on Zhihu with 950,000 heat.

High-pressure oxygen chambers are being marketed as a way for students to relieve stress and improve cognitive function during exam periods. The source mentions a specific number of units, 3,622,844, in words and digits.

Chinese AI startup DeepSeek is reportedly seeking to raise approximately 50 billion yuan in its first funding round. Chinese AI startup DeepSeek has permanently reduced prices for its AI models, including DeepSeek-R1 and DeepSeek-Coder, making them more affordable.

The total scale of technology finance loans from digital listed banks is approaching 30 trillion yuan. The trend reflects the growing digital economy. The loans are likely fueling innovation and growth. Technology loans provided by digital banks have reached nearly 30 trillion yuan. This substantial figure reflects investment in the tech sector by financial institutions. This lending activity highlights the sector's role in funding tech development. Digital banks in China have provided approximately 30 trillion yuan in technology loans. This lending activity supports the growth of China's tech sector. The specific digital banks involved are not named. The loans are primarily from Beijing-based institutions.

The People's Bank of China announced it conducted zero reverse repo operations on Wednesday. This action was taken to address primary dealers' funding needs in its open market operations.

China is seeking public comment on a draft financial law that aims to establish a robust mechanism for rapid response to financial market risks.

JD.com has implemented new regulations capping daily overtime at 12 hours.

China has implemented a blocking regulation, rendering US sanctions ineffective and signaling a move to bolster its domestic industries. China has blocked US sanctions, with state media reporting that American sanctions are ineffective.